BG Group Clinches Offer for Pure Energy's Shares
BG International (AUS) Pty Limited ("BG AUS"), a wholly owned subsidiary of BG Group plc, made offers under an off-market takeover bid dated February 20, 2009 to acquire all of the issued shares in Pure Energy Resources Limited.
BG Group's Offer closed on Monday, April 6, 2009 with BG AUS having acquired a relevant interest in 99.74% of Pure shares.
Any Pure shareholder who validly accepted BG Group's Offer before the close of the offer period will receive payment for their shares within 5 business days of BG Group's receipt of that acceptance.
BG AUS has commenced compulsory acquisition of the remaining Pure shares and despatched compulsory acquisition notices to these Pure shareholders on March 30, 2009.
Pure shareholders who have not accepted BG Group's Offer will have their shares acquired under the compulsory acquisition process.
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