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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION
29 April 2022
Gulf Investment Fund plc (Ticker: GIF)
Tender Offer Update
Further to the announcement on 17 March 2022, the Board of Gulf Investment Fund plc confirms that all assets in the Tender Pool have been sold. As at 27 April 2022, which is the Tender Pool Determination Date, the Final Tender Offer Asset Value was $11,284,711, giving a Tender Price of $2.1639.
The 5,214,956 Tendered Shares will be cancelled.
It is expected that the proceeds payable to shareholders who tendered shares will be made on or around 11 May 2022.
For the purposes of this announcement, unless otherwise defined, capitalised words and phrases shall have the meaning given to them in the Circular.
Legal Entity Identifier: 2138009DIENFWKC3PW84
For further information:
Anderson Whamond +44 (0) 1624 630 400
Gulf Investment Fund plc
Ian Dungate/Suzanne Jones +44 (0) 1624 630 400
Apex Corporate Services (IOM) Limited
Sapna Shah/Alex Collins/Atholl Tweedie +44 (0) 20 7886 2500
Panmure Gordon
William Clutterbuck +44 (0) 7785 292 617
Maitland/AMO
Gulf Investment Fund plc confirmed an update to its Tender Offer on April 29, 2022, stating that all assets in the Tender Pool have been sold. As of the April 27, 2022 Tender Pool Determination Date, the Final Tender Offer Asset Value was $11,284,711, resulting in a Tender Price of $2.1639. The company also announced that 5,214,956 Tendered Shares will be cancelled, with proceeds payable to tendering shareholders expected around May 11, 2022.
| Date | 29 Apr 2022 |
| Time | 07:00:02 |
| Category | Capital structure |
| ID | 7564J |