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Source: New Zealand Oil and Gas – Press Release/Statement:
Headline: Canterbury Great South Basin – now with double the potential
NEW ZEALAND OIL & GAS TO TAKE OVER TOROA PERMIT PEP 55794
New Zealand Oil & Gas is seeking to take 100% of the Toroa permit PEP 55794 in the Great
South Basin and combine marketing of the prospect with its Clipper permit east of Oamaru.
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Source: New Zealand Oil and Gas – Press Release/Statement:
Headline: Eyal Ofer’s O.G. Oil & Gas Receives Overseas Investment Office Approval of its Partial Takeover Offer For New Zealand Oil & Gas
O.G. Oil & Gas (Singapore) Pte. Ltd. (“OGOG”) is delighted to announce that it has received regulatory approval from the Overseas Investment Office for its partial takeover offer for New Zealand Oil & Gas Limited (“New Zealand Oil & Gas”).
The consent has been provided under the Overseas Investment Act 2005 and Overseas Investment Regulations 2005. It follows separate consent from New Zealand Petroleum & Minerals and satisfies a further key condition of OGOG’s offer.
As of today, OGOG has received acceptances under its partial takeover offer which, together with its current shareholding, total more than 62% of New Zealand Oil & Gas’s fully paid ordinary shares currently on issue.
Eyal Ofer, Chairman of Ofer Global, said: “This approval is a significant moment for our vision to build the future of New Zealand Oil & Gas as its largest shareholder. I am personally very excited about the prospect of having New Zealand Oil & Gas join the Ofer Global family. By working together, we are confident that we will create value for shareholders, the country and the region.”
Alastair McGregor, Chief Executive of OGOG, said: “This has been a landmark week for OGOG. First we met the minimum acceptance threshold for our offer and now the OIO has given its approval. To have received the support of both shareholders and the New Zealand government is gratifying and reinforces our belief that we have the right vision for New Zealand Oil & Gas.”
OGOG is offering to acquire up to 67.55% of the New Zealand Oil & Gas shares it does not already hold or control at a price of 74 cents per fully paid share.1 The offer period will remain open until 8 January 2018 and the offer remains subject to certain outstanding customary conditions.
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Source: New Zealand Oil and Gas – Press Release/Statement:
Headline: Extension of takeover offer to 8 January 2018 – final extension
Today we have extended the closing date of our offer for New Zealand Oil & Gas Limited to 8 January 2018 . This extension is to allow time to obtain the necessary regulatory approvals . Please read the formal notice included with this letter for further details.
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Source: New Zealand Oil and Gas – Press Release/Statement:
Headline: O.G. Oil & Gas Achieves Fresh Milestone In Partial Offer For New Zealand Oil & Gas
O.G. Oil & Gas (Singapore) Pte. Ltd. (“OGOG”) is pleased to announce that it has now received from New Zealand Petroleum & Minerals the necessary consent related to OGOG’s partial offer for New Zealand Oil & Gas Limited (“New Zealand Oil & Gas”).
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Source: New Zealand Oil and Gas – Press Release/Statement:
Headline: O.G. Oil & Gas Reaches Over 36% Of New Zealand Oil & Gas Shares With Its Partial Takeover Offer
O.G. Oil & Gas (Singapore) Pte. Ltd. has received acceptances under its partial takeover offer which, together with its current shareholding in New Zealand Oil & Gas Limited, total more than 36% of New Zealand Oil & Gas’s fully paid ordinary shares.1
The acceptances received include 5,971,826 shares tendered by Bermuda Commercial Bank Limited and UIL Limited, associates of Zeta Energy Pte Limited (“Zeta”), together representing approximately 3.7% of New Zealand Oil & Gas’s fully paid ordinary shares currently on issue. Zeta, which holds an additional approximately 17% of New Zealand Oil & Gas’s fully paid ordinary shares currently on issue, has indicated that it intends to accept OGOG’s offer once OGOG receives a positive indication that the Overseas Investment Office will provide its consent.
OGOG is offering to acquire up to 67.55% of the New Zealand Oil & Gas shares it does not already hold or control at a price of 78 cents per share (reduced for distributions as outlined in the offer document for OGOG’s offer).2 In order for the offer to meet its minimum acceptance threshold, OGOG only needs to receive acceptances from and/or own shares representing more than 50% of New Zealand Oil & Gas’s voting rights. The offer will close on 9 December 2017 (unless extended in accordance with the Takeovers Code).
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