Touchstone Exploration receives 38.9% commitment from Trinity shareholders against Lease Operators' offer.

Touchstone Exploration Inc. is considering its position regarding Lease Operators Limited's recommended offer for Trinity Exploration & Production Plc. Touchstone has received irrevocable undertakings from Trinity shareholders representing around 38.9% of Trinity's share capital. The irrevocable undertakings, if binding, would prevent Trinity shareholders from accepting the Lease Operators offer. Touchstone is advising Trinity shareholders not to take any action in response to the Lease Operators announcement. If Touchstone chooses to invoke a condition, it can lapse the scheme on August 22nd.

August 05, 2024
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