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Further to the Company s announcement on 14 April, noting the announcement by CPI Property Group S.A. and Aroundtown SA of a firm intention to make a cash offer for the Company, the Company has formed an independent committee of the Board in order to evaluate the Offer.
19 April 2021
Dish of the day
Advance Energy (LON:ADV) completed an RTO on AIM indirectly acquiring of 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51m) will be used to fund the Acquisition. Due 19 April.
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