Source - RNS
RNS Number : 5790H
Dragon-Ukrainian Prop. & Dev. PLC
08 June 2017
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

Dragon-Ukrainian Properties & Development plc

("DUPD" or the "Company" and together with its subsidiaries, the "Group")

 

Mandatory Cash Offer announcement by Dragon Capital Investments Limited

 

The independent directors of DUPD (being Mark Iwashko and Aloysius Wilhelmus Johannes van der Heijden) (the "Independent Directors") note the announcement earlier today by Dragon Capital Investments Limited ("DCI"), part of Dragon Capital Group, pursuant to Rule 2.7 of the City Code on Takeovers and Mergers, to make its mandatory cash offer for the entire issued and to be issued share capital of the Company not already owned by Dragon Capital Group at a price of 13 pence per ordinary share (the "Mandatory Offer").

 

The Independent Directors are considering the terms of the Mandatory Offer and in the meantime, DUPD shareholders are advised to take no action in relation to the Mandatory Offer.

Contacts:

Dragon - Ukrainian Properties & Development plc (www.dragon-upd.com)

Mark Iwashko (Chairman)

+380 (50) 381-8811



Panmure Gordon (UK) Limited


Richard Gray / Andrew Potts  (Nomad & Broker)

Karri Vuori / James Greenwood (Financial Adviser)

+44 (0)20 7886 2500

 

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for DUPD and the Independent Directors and no one else in connection with the Possible Offer and will not be responsible to anyone other than DUPD and the Independent Directors for providing the protections afforded to its clients or for providing advice in relation to the Offer or any other matters referred to herein.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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