Royal Dutch Shell recommended cash offer by Shell for Cove Energy
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Further to the announcement of a possible offer by Shell Bidco for Cove on Feb. 22, the boards of directors of Cove and Shell Bidco are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Shell Bidco for the entire issued and to be issued share capital of Cove. Shell Bidco is an indirect wholly-owned subsidiary of Shell incorporated in the Netherlands. Cove Shareholders who accept the Offer will be entitled to receive 220 pence in cash for each Cove Share. The Offer values the entire issued and to be issued share capital of Cove at approximately GBP1.120M.
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