Parkmead Group provide update on irrevocable undertakings

Friday, May 24, 2013

Parkmead today announces that it has received an irrevocable undertaking from Mr Robert Frost in respect of 3,781,570 Lochard Shares (representing 1.27 per cent. of the issued share capital of Lochard) to vote in favour of the Scheme and the resolutions at the Court Meeting and the General Meeting in respect of such Lochard Shares.

This takes the aggregate number of shares in respect of which Parkmead has received irrevocable undertakings or letters of intent to 123,719,434 Lochard Shares representing, in aggregate, approximately 41.4 per cent. of the issued ordinary share capital of Lochard.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Oil price, Schlumberger, Petrofac, Lamprell, Pantheon, Aminex and finally...

by Malcolm Graham-Wood

Read More »