Information  X 
Enter a valid email address

Stilo International (STL)

  Print      Mail a friend       Annual reports

Monday 16 September, 2019

Stilo International

Result of Tender Offer

RNS Number : 3599M
Stilo International PLC
16 September 2019
 

Stilo International plc

 

16 September 2019

Result of Tender Offer

The Company is pleased to announce the results of the Tender Offer and that pursuant to the Tender Offer, which closed in accordance with its published timetable at 1.00 p.m. on 13 September 2019, valid tenders have been received for 510,710 Ordinary Shares.

As announced on 23 August 2019 the completion of the Tender Offer is conditional, inter alia, on the approval by Shareholders of all the Resolutions to be tabled at the General Meeting, which is scheduled for 11.00 a.m. on 30 September 2019.

Subject to the above, all valid tenders will be satisfied in full.

The Tender Offer will also not proceed if any of the conditions specified in paragraph 1 of Part II of the Circular are not satisfied and the Tender Offer may be terminated in the circumstances described in paragraph 22 of Part II of the Circular. If the Tender Offer does not proceed or is terminated once it is made, the Company will make an announcement through a Regulatory Information Service.

The posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019. The crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019.

Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 23 August 2019 ("Circular") unless otherwise stated.

ENQUIRIES

 

Stilo International plc
Les Burnham, Chief Executive

T +44 (0)1793 441444

 

SPARK Advisory Partners
(Nominated Adviser)
Neil Baldwin T +44 (0) 203 368 3554
Mark Brady  T +44 (0) 203 368 3551

 

SI Capital (Broker)

Nick Emerson

 

T +44 (0) 1483 413500

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
RTEUVABRKOAKARR

a d v e r t i s e m e n t