News

Group of companies Smart Holding got the approval of its new Offer regarding purchase of controlling stake of Regal Petroleum from the shareholders holding 54.97% of Regal Petroleum shares.

Group of companies Smart Holding got the consent of the shareholders of British company Regal Petroleum for sale of 51.7% of the company shares.

The Board of Directors of Regal Petroleum plc advises the company shareholders to accept new Offer of Energees Management Limited (100% subsidiary of Energees Investments Limited, main holding company of the Group of companies Smart Holding) regarding partial redemption of shares as the best and only available option for them.

Smart-Holding Group has published a recommended offer on repurchase of shares in British oil and gas company Regal Petroleum plc for cash (Offer), as well as the form of consent of Regal Petroleum plc shareholders for repurchase of shares. According to the terms of the Offer, the repurchase price is £0.24 per share. The total amount of the Offer is estimated at £77 million on the basis of the total share capital of the company.