Netherlands: Kistos announces PrimaryBid Offer in relation to proposed acquisition of Tulip Oil Netherlands
14 Apr 2021
Kistos, the AIM quoted
closed-ended investment company which has been established with the objective of creating value for its investors through acquisitions and management of companies or businesses in the energy sector, has announced a conditional offer for subscription via
PrimaryBid of new ordinary shares of nominal value 10 pence each in the Company. The price at which the New Ordinary Shares will be placed will be determined at the end of the bookbuild. The Company is also conducting a placing and subscription of New Ordinary Shares at the Issue Price with institutional and other investors as announced on 12 March 2021.
Kistos PLC (AIM:KIST) | RNS | Kistos PLC - Proposed Acquisition of Tulip Oil Netherlands B.V. proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Partager :
Sale of Tulip Oil Netherlands to Kistos Plc for EUR 220 million plus EUR 163 million of contingent payments
édité le 12/03/2021 - Plus de news de Tulip Oil - Voir la fiche entreprise de Tulip Oil
Tulip Oil Holding B.V. announces that the Company has signed a binding share purchase agreement to sell its subsidiary Tulip Oil Netherlands B.V. (TON) to Kistos Plc. (Kistos) for a headline consideration of EUR 220 million plus up to EUR 163 million(1) of contingent payments and EUR 5million of warrants (the Transaction). The Transaction remains subject to customary conditions precedent.
Kistos is a closed-ended investment company, listed on the AIM market in London, established with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector.