Edition:
United Kingdom

Ophir Says Medco Increased Recommended Final Cash Offer For Ophir Energy


Wednesday, 20 Mar 2019 

March 20 (Reuters) - Ophir Energy Plc ::INCREASED RECOMMENDED FINAL CASH OFFER FOR OPHIR ENERGY PLC (“OPHIR”) BY MEDCO ENERGI GLOBAL PTE LTD.OPHIR ENERGY - UNDER TERMS OF INCREASED OFFER, CO'S SHAREHOLDERS WILL BE ENTITLED TO RECEIVE FOR EACH SHARE: 57.5 PENCE IN CASH.OPHIR ENERGY - INCREASED OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF OPHIR AT APPROXIMATELY £408.4 MILLION.OPHIR ENERGY- BOARDS OF MEDCO, MEDCO GLOBAL, CO AGREED ON TERMS OF INCREASED RECOMMENDED CASH OFFER BY MEDCO GLOBAL TO ACQUIRE CO.OPHIR ENERGY - OPHIR DIRECTORS CONSIDER TERMS OF THE INCREASED OFFER TO BE FAIR AND REASONABLE.OPHIR ENERGY - MEDCO GLOBAL ANNOUNCES THAT FINAL OFFER PRICE IS FINAL AND WILL NOT BE INCREASED.