RNS Number : 7866V
Infinis Energy Limited
02 June 2008
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
2 June 2008
Infinis Energy Limited ('Infinis')
Statement regarding Novera Energy PLC ('Novera' )
On 17 March 2008 Novera Energy PLC ('Novera') announced that it had received an approach by Infinis Energy Limited ('Infinis Energy').
Following detailed evaluation of a potential acquisition, Infinis Energy has decided not to make an offer for Novera at this time.
For the purposes of Rule 2.8 and other relevant provisions of The City Code on Takeovers and Mergers (the 'Code'), Infinis Energy does, however, reserve the right to announce an offer or possible offer or make or participate in an offer or possible offer for Novera and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code within the next 6 months (i) with the agreement or recommendation of the board of Novera; (ii) in the event that a third party (including, without limitation, Harrier Acquisitions Limited and any person(s) acting in concert with it) announces a firm intention to make an offer for Novera or an offer for Novera; (iii) in the event that Novera announces a 'whitewash' proposal or a reverse takeover (in each case as defined in the Code); or (iv) in the event that Novera undergoes a material change in circumstance or announces a proposal or transaction which, if implemented, could give rise to a material change in circumstance
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