Recommended Cash Offer for RockRose Energy plc by Viaro Energy limited a wholly-owned subsidiary of Viaro Investment Limited to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006
Monday 6 July 2020
Summary
· The boards of directors of Viaro Energy and RockRose are pleased to announce that they have reached agreement on the terms of a recommended all cash offer pursuant to which Viaro Energy will acquire the entire issued and to be issued ordinary share capital of RockRose (the "Acquisition").
· Viaro Energy is a UK registered company, headquartered in London and is a wholly owned subsidiary of Viaro, a physical energy trading group with global commodities trading activities and interests in energy sector support services and upstream asset development. The Viaro Group has offices in Dubai and Hong Kong.
· Under the terms of the Acquisition, each RockRose Shareholder will be entitled to receive: in respect of each RockRose Share 1,850 pence in cash (the "Consideration")