Edition:
United Kingdom

DNO ASA Offers To Buy Faroe Petroleum For 152 Pence Per Share


Monday, 26 Nov 2018 

Nov 26 (Reuters) - DNO ASA ::CASH OFFER FOR FAROE PETROLEUM PLC.OFFER TO BE MADE BY DNO FOR FAROE PETROLEUM PLC WILL BE 152 PENCE IN CASH FOR EACH FAROE SHARE.OFFER VALUING FAROE'S EXISTING ISSUED AND TO BE ISSUED SHARE CAPITAL AT APPROXIMATELY £607.9 MILLION.OF OFFER VALUE OF APPROXIMATELY £443.8 MILLION ON A FULLY DILUTED BASIS, £402.6 MILLION IS ATTRIBUTABLE TO CURRENT ISSUED SHARE CAPITAL OF FAROE.