Rockhopper & FOGL Merger Complete

Source: www.gulfoilandgas.com 1/18/2016, Location: South America

On 24 November 2015, the boards of Rockhopper and FOGL announced that they had reached agreement on the terms of a recommended all-share merger to be effected by means of a Court-sanctioned scheme of arrangement under Part IV of the Companies Act 1948, being the legislation applicable in the Falkland Islands where FOGL is incorporated. The Scheme Document, containing the terms and conditions of the Scheme, was posted to FOGL Shareholders on 11 December 2015, and on 5 January 2016 all necessary resolutions proposed at the Court Meeting and General Meeting were passed to approve the Scheme and associated matters. Defined terms used in this announcement shall have the same meaning as those used in the Scheme Document.

Further to the announcement made on 15 January 2016 confirming Court sanction of the Scheme, FOGL is pleased to announce that the Court Order has been delivered to the Registrar of Companies of the Falkland Islands for registration ; therefore, the Scheme has today become Effective in accordance with its terms. Accordingly, the Merger has therefore completed and FOGL has become a wholly-owned subsidiary of Rockhopper.

Upon the Scheme becoming Effective, all of the directors of FOGL have resigned from their positions as directors of FOGL.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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