Feb 08 - Compulsory Acquisition of Outstanding Burren Energy Plc Shares

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date February 13, 2008
On 11 December 2007 Eni UK Holding plc ("Eni Holding") made an offer for the entire issued and to be issued share capital of Burren Energy plc ("Burren") (the "Offer").
Eni Holding announces that as at 1.00 p.m. (London time) on 13 February 2008 it has received valid acceptances in respect of, or otherwise contracted to acquire, 135,887,545 Burren Shares, representing approximately 94.3 per cent. of the Burren Shares to which the Offer relates.

Accordingly, having received more than 90 per cent. in value of, and more than 90 per cent. of the voting rights carried by, the Burren Shares, Eni Holding is today despatching compulsory acquisition notices under sections 979 and 980 of the Companies Act 2006 to the holders of Burren Shares who have not yet accepted the Offer. The transfer of the compulsorily acquired Burren Shares to Eni Holding is expected to take place on or after 27 March 2008.
The Offer, including the Loan Note Alternative, will remain open for acceptance until further notice. 

Terms defined in the Offer Document dated 11 December 2007 have the same meanings in this announcement unless the context otherwise requires.

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