Overview of Gran Tierra's Acquisition
Gran Tierra Energy Inc. is pleased to provide an update concerning its acquisition of i3 Energy plc. This announcement is made in accordance with the regulations that govern mergers and acquisitions. Gran Tierra has successfully completed its acquisition process, which began a year ago, and now they are confirming their commitment to the outlined intentions made during the acquisition discussions.
The Completion of the Acquisition
On 31 October 2024, Gran Tierra concluded its recommended cash and stock acquisition of i3 Energy. This strategic move was executed through a Court-sanctioned scheme of arrangement as per the Companies Act 2006, marking an important milestone for Gran Tierra Energy.
The transition was marked by Gran Tierra’s adherence to specified regulations, ensuring that all post-offer intention statements were met as described in their earlier announcements. Such measures display the company's dedication to maintaining transparency and compliance during the entire process.
Confirmation to The Panel on Takeovers and Mergers
Gran Tierra has provided written confirmation to The Panel on Takeovers and Mergers, as stipulated by Rule 19.6(c) of the Code. This confirmation verifies that the company has fulfilled its commitments made under the Takeover Code and includes the specifics of their intentions published in previous announcements.
Details on Compliance and Commitments
In their announcement made under Rule 2.7 of the Code, Gran Tierra outlined the intentions that accompanied their offer to acquire i3 Energy. They have maintained their promise to uphold these statements, showcasing their responsible management and operational practices.
Investor Relations and Communication
Gran Tierra emphasizes the importance of open communication with its stakeholders. They are committed to providing comprehensive updates regarding their operational strategies and business developments moving forward. Such transparency is vital for fostering trust and cooperation with their investors.
Contact Information for Inquiries
For any inquiries, investors can reach out to their financial adviser, Stifel Nicolaus Europe Limited. This firm is acting exclusively on behalf of Gran Tierra, ensuring that all obligations and duties to their clients are met. Interested parties may contact:
Callum Stewart
Simon Mensley
Phone: +44 (0) 20 7710 7600
Future Outlook and Prospects
Gran Tierra Energy is optimistic about the integration of i3 Energy into its portfolio. They believe that this acquisition will enhance their operational capabilities and strengthen their position in the energy market. The commitment to responsible management and adherence to regulations will guide their ongoing efforts in maximizing value for shareholders and stakeholders alike.
Frequently Asked Questions
What is Gran Tierra Energy's relationship with i3 Energy?
Gran Tierra Energy has successfully acquired i3 Energy plc, marking a significant strategic expansion for the company.
When did the acquisition of i3 Energy close?
The acquisition was completed on October 31, 2024, through a Court-sanctioned scheme.
What regulations were followed during the acquisition?
Gran Tierra adhered to the requirements set forth by the City Code on Takeovers and Mergers, ensuring compliance with all necessary regulations.
How can shareholders stay updated on Gran Tierra’s activities?
Shareholders are encouraged to follow official announcements and communications from Gran Tierra, which provide ongoing updates about operations and strategies.
Who can investors contact for more information?
Investors can reach out to Stifel Nicolaus Europe Limited, Gran Tierra's financial adviser, for inquiries regarding the acquisition and future prospects.
