RNS


San Leon Energy PLC Response to Press Speculation    

TIDMSLE


    

RNS Number : 5322S


    

San Leon Energy PLC


    

21 December 2016


    

21 December 2016


    

San Leon Energy plc ("San Leon" or the "Company")



Response to Press Speculation


San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, notes the press speculation in respect of the approach, and confirms that Geron Energy Investment is a party to the Offeror and the indicative offer price from the Offeror was 80 pence per share.

Talks are at a preliminary stage and there are significant uncertainties as to whether or not the matter will proceed further. A formal offer would only be made following due diligence.

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Irish Takeover Rules.

There can be no certainty that an offer will be made for the Company or as to the terms on which any offer might be made.

    

A further announcement will be made, as appropriate, in due course.


    

Enquiries:


    
+ 353 1291 
San Leon Energy plc 6292
Oisin Fanning, Chief Executive

Whitman Howard Limited (Financial +44 20 7659
adviser to the Company) 1234
Nick Lovering

SP Angel Corporate Finance LLP (Nominated +44 20 3470
adviser to the Company) 0470
Ewan Leggat
Richard Morrison

Brandon Hill Capital Limited (Joint +44 203
broker to the Company) 463 5000
Oliver Stansfield
Jonathan Evans

Vigo Communications (Financial Public +44 207
Relations) 830 9700
Chris McMahon
Alexandra Roper

+353 1 280
Plunkett Public Relations 7873

Sharon Plunkett


The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

    

The announcement is being made without the specific approval of the Offeror.


    

This information is provided by RNS


    

The company news service from the London Stock Exchange


    

END


    

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(END) Dow Jones Newswires


    

December 21, 2016 11:40 ET (16:40 GMT)




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