Completion of acquisition & restoration of trading

RNS Number : 4356S

Genel Energy PLC

21 November 2011

 



Genel Energy plc ("Genel Energy" or the "Company")

21 November 2011

For immediate release

Completion of acquisition and restoration of trading

Vallares PLC, now known as Genel Energy plc, is pleased to announce that it has completed the acquisition of Genel Energy International Ltd.

On 7 September 2011, the Company announced that trading in its ordinary shares on the main market of the London Stock Exchange had been temporarily suspended. Following discussions with the Financial Services Authority, the Company is pleased to announce that trading in its ordinary shares has been restored today under the name Genel Energy plc and using the ticker symbol GENL.

On 18 November, the Company published a prospectus in respect of the issue of new Voting Ordinary Shares in connection with the acquisition (the "Prospectus"). Printed copies of the Prospectus are available from the Company's registered office.

Genel Energy will publish its interim results for the period ended 30 September 2011 on 30 November 2011.

For further information, please contact:

Genel Energy:

Julian Metherell, Chief Financial Officer [phone]

Natalie Fortescue, Investor Relations [phone]

RLM Finsbury:

Edward Simpkins [phone]

Jenny Davey [phone]

This announcement has been issued by and is the sole responsibility of the Company. 

This announcement is an advertisement and not a prospectus and you should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the Prospectus published by Vallares in connection with Admission as more particularly described in the Prospectus. Copies of the Prospectus are available for inspection at the Company's registered office at 12 Castle Street, St. Helier, Jersey JE2 3RT. 

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities. 

The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available. 

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions. 

 

END

 

 

MSCGRBDBSSDBGBB