Result of Tender Offer
13 Enero 2010 - 1:00AM
UK Regulatory
TIDMCWP
RNS Number : 4531F
Clipper Windpower Plc
13 January 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.
13 January 2010
UNITED TECHNOLOGIES CORPORATION
ANNOUNCEMENT OF RESULTS OF PARTIAL CASH OFFER FOR UP TO 21,804,559 SHARES
IN CLIPPER WINDPOWER PLC
On 10 December 2009, United Technologies Corporation ("UTC") made a partial cash
offer to existing shareholders in Clipper Windpower Plc ("Clipper") to purchase
up to 21,804,559 Shares (the "Target Number") in Clipper for GBP1.80 per Share
(the "Partial Cash Offer"). The Partial Cash Offer was made in addition to UTC's
subscription for 84,337,124 new Shares in Clipper (the "Subscription").
UTC and Clipper are pleased to announce that the Partial Cash Offer has been
oversubscribed and that, as at 5.00am on 12 January 2010 (the time at which the
Partial Cash Offer closed), UTC had received valid tenders under the terms of
the Partial Cash Offer in respect of a total of 47,080,867 Shares.
Accordingly, the number of Shares which are acquired from each shareholder who
has validly tendered Shares in the Partial Cash Offer will be scaled back pro
rata with reference to the total number of Shares tendered, so as to ensure that
the total number of Shares purchased by UTC pursuant to the terms of the Partial
Cash Offer is the Target Number. As a result of rounding any fractions, UTC will
acquire 21,804,550 Shares under the Partial Cash Offer.
In accordance with the terms of the Partial Cash Offer, consideration will be
despatched to shareholders who have validly tendered Shares on or around 15
January 2010. Balance Share certificates in respect of retained shareholdings or
unsuccessful partial tenders of Shares will be despatched to shareholders on or
around 26 January 2010.
The Shares acquired by UTC pursuant the Partial Cash Offer and the Subscription
will represent approximately 49.5% of the issued share capital of Clipper.
In this announcement, "Shares" means ordinary shares of 10 pence each in Clipper
Windpower Plc.
Enquiries:
+-----------------------------------------------------------------+
| United Technologies Corporation |
| John Moran (UTC Communications)Tel: +1 (860) 728 7062 |
+-----------------------------------------------------------------+
| |
+-----------------------------------------------------------------+
| Clipper Windpower Plc |
| Jenny Matthews (Investor Relations Director) Tel: +44 (0)20 |
| 7820 1078 |
+-----------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTEEAAFAFDAEEAF
Clipper Windpower (LSE:CWP)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Clipper Windpower (LSE:CWP)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Clipper Reg S (London Stock Exchange): 0 recent articles
Más de Clipper Windpower Artículos de Noticias