Update on Strategic Review and Formal Sale Process

Source Press Release
Company Amerisur Resources Plc 
Tags Deal Rumours, Assets for Sale, Strategy - Corporate, Upstream Activities
Date August 09, 2019

On 19 July 2019, following receipt of interest in the Company and its assets from other industry participants and in order to maximise value for shareholders, the Company announced its decision to conduct a strategic review, including a formal sale process ("FSP") as set out by The City Code on Takeovers and Mergers (the "Code").

Multiple parties have now agreed to participate in the FSP through the signing of a confidentiality agreement. Participation in the FSP includes the provision of confidential due diligence materials and access to Amerisur management.  

The Company looks forward to engaging with all potential offerors in a constructive and positive manner through the FSP to achieve an outcome that maximises value for all our shareholders. Further updates regarding the FSP will be provided as appropriate.

Shareholders are strongly advised to take no action in respect of their shares until completion of the FSP.

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