Tender Price & Total Voting Rights

RNS Number : 6922Z

Gulf Investment Fund PLC

18 December 2017

 

18 December 2017

Legal Entity Identifier: 2138009DIENFWKC3PW84

Gulf Investment Fund plc

("GIF" or the "Company")

Tender Price & Total Voting Rights

Further to the Company's announcement on 7 December 2017 regarding the passing of the resolutions at the Company's Extraordinary General Meeting to give effect to the Tender Offer, and the result of the Tender Offer, the Board today announces that the Tender Price, which has been calculated in accordance with paragraph 3 of Part III of the Circular dated 10 November 2017, is US$0.9933 per Share.

It is expected that cheques will be despatched and CREST accounts will be credited with proceeds in respect of successfully tendered shares and with unsold uncertificated Shares by 27 December 2017.  It is expected that balancing certificates in respect of unsold certificated Shares will be despatched from 27 December 2017.

The 10,273,471 Shares tendered under the Tender Offer will be cancelled, and following the cancellation, the Company will hold 238,182 of its ordinary shares in treasury and will have 92,461,242 Shares in issue (excluding treasury shares).

The above figure of 92,461,242 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

For further information:

Gulf Investment Fund Plc [phone]

Nick Wilson

Panmure Gordon [phone]

Richard Gray / Andrew Potts / Atholl Tweedie

Maitland [phone]

William Clutterbuck / Cebuan Bliss

Galileo Fund Services Limited [phone]

Ian Dungate / Suzanne Jones

 

END

 

 

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