Increased and final cash offer for Faroe Petroleum plc by DNO ASA

Not for release, publication or distribution, in whole or in part, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction Oslo, 8 January 2019 - DNO ASA ("DNO"), the Norwegian oil and gas operator, today announces an increased and final...

London, 08/01/2019 (informazione.news - comunicati stampa - energia)

Oslo, 8 January 2019 - DNO ASA ("DNO"), the Norwegian oil and gas operator, today announces an increased and final cash offer of 160 pence for each Faroe Share. The consideration under the Final Offer implies a value of approximately £641.7 million for the fully diluted share capital of Faroe, including shares already held by DNO.

The full release can be accessed at the following link:

https://www.dno.no/en/investor-relations/offer_announcement_26November/

Media: media@dno.no           

Investors: ir@dno.no

Tel: +47 911 57 197

Patrick Handley                                              

Charles Pretzlik

William Medvei

Tel: +44 20 7404 5959

Philip Lambert                                                

David Anderson

Tel: +44 20 7491 4473                                   

Petter Sagfossen

Tel: +47 22 87 87 48

www.londonstockexchange.com

www.thetakeoverpanel.org.uk

https://www.dno.no/en/investor-relations/offer_announcement_26November