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Fri 12:33	Goodbody Stock - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 8556C Goodbody Stockbrokers 20 November 2009 AP 17 Form 38.5 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS 1 KEY INFORMATION `Name of exempt market-maker Goodbody Stockbrokers` `Company dealt in Dragon Oil plc` Class of relevant security to which the dealings being Ord EUR0.10 disclosed relate (Note 1) `Date of dealing 19th November 2009` `2. DEALINGS (Note 2)` (a) Purchases and sales `Total number of relevant Highest price paid Lowest price paid (Note 3) Line of stock` `securities acquired (Note 3)` `3,140 EUR4.769 EUR4.65 Dublin` `436,640 £4.27 £4.1766 London` `Total number of relevant Highest price Lowest price received (Note 3) Line of stock` `securities disposed received (Note 3)` `2,319 EUR4.769 EUR4.769 Dublin` `445,400 £4.25 £4.2375 London` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant securities Price per unit` `transaction` `e.g. CFD (Note 4) (Note 5) (Note 3)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money` `purchasing, varying to which the option European etc. paid/received per` `etc. relates (Note 5) unit (Note 3)` AP18 (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit `(Note 3)` 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights or any relevant securities under any option referred to on this form relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced . If none, this should be stated. None `Date of disclosure 20th November 2009` `Contact name Ros Lynch` `Telephone number 01 6416020` `Name of offeree/offeror with which Emirates National Oil Company LLC` connected `Specify category and nature of associate Advisor to the offeror` status (Note 6) NOTES ON FORM 38.5 `1. See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.` `2. See the definition of "dealing" in Rule 2.1 of Part A of the Rules.` `3. For all prices and other monetary amounts, the currency must be stated.` `4. If a long position has been increased or decreased as a result of the dealing, write` "increased long" or "decreased long" respectively. If a short position has been increased or decreased as a result of the dealing, write "increased short" or "decreased short" respectively. If the dealing has not resulted in a long or short position being increased or reduced, give details of the variation or other dealing. `5. See Rule 2.7(d) of Part A of the Rules.` `6. See the definition of "connected market-maker" in Rule 2.3 of Part A of the Rules.` For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel. References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2007 (as amended). This information is provided by RNS The company news service from the London Stock Exchange END ISEBMBTTMMTTBLL More
Fri 11:46	J & E Davy - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 8506C J & E Davy 20 November 2009 `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 19th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `20,361 EUR4.76 EUR4.66` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `20,515 EUR4.76 EUR4.74` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 20th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange END ISEBBBDBSSDGGCG More
Fri 09:17	Baillie Gifford &Co. - Rule 8.3- (Dragon Oil Plc) Replacement	RNS
RNS Number : 8362C Baillie Gifford & Co. 20 November 2009 FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE `1. KEY INFORMATION` `Name of person dealing (Note 1) Baillie Gifford & Co` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary shares` disclosed relate (Note 2) `Date of dealing 19/11/09` `2. INTERESTS AND SHORT POSITIONS` `(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)` `Long Short` `Number (%) Number (%)` `(1) Relevant securities 22,020,402 4.28%` (2) Derivatives (other than options) (3) Options and agreements to purchase/sell `Total 22,020,402 4.28%` `(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)` `Class of relevant security: Long Short` `Number (%) Number (%)` (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total `3. DEALINGS (Note 4)` `(a) Purchases and sales` Purchase/sale Number of relevant securities Price per unit (Note 5) `Purchase 200,000 £4.2138` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant Price per unit (Note 5)` `e.g. CFD transaction (Note 6) securities (Note 7)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 7) unit (Note 5)` `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Is a Supplemental Form 8 attached? (Note 9) YES/NO `Date of disclosure 20/11/09` `Contact name Michael Murray` `Telephone number 44 131 275 3036` If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10) The Notes on Form 8.3 can be viewed on the Panel's website at www.irishtakeoverpanel.ie. This information is provided by RNS The company news service from the London Stock Exchange END RETPUGAGGUPBUBU More
Fri 09:06	Baillie Gifford &Co. - Rule 8.3- (Dragon Oil Plc)	RNS
RNS Number : 8359C Baillie Gifford & Co. 20 November 2009 FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE `1. KEY INFORMATION` `Name of person dealing (Note 1) Baillie Gifford & Co` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary shares` disclosed relate (Note 2) `Date of dealing 19/11/09` `2. INTERESTS AND SHORT POSITIONS` `(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)` `Long Short` `Number (%) Number (%)` `(1) Relevant securities 22,020,402 4.28%` (2) Derivatives (other than options) (3) Options and agreements to purchase/sell `Total 21,020,402 4.28%` `(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)` `Class of relevant security: Long Short` `Number (%) Number (%)` (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total `3. DEALINGS (Note 4)` `(a) Purchases and sales` Purchase/sale Number of relevant securities Price per unit (Note 5) `Purchase 200,000 £4.2138` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant Price per unit (Note 5)` `e.g. CFD transaction (Note 6) securities (Note 7)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 7) unit (Note 5)` `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Is a Supplemental Form 8 attached? (Note 9) YES/NO `Date of disclosure 20/11/09` `Contact name Michael Murray` `Telephone number 44 131 275 3036` If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10) The Notes on Form 8.3 can be viewed on the Panel's website at www.irishtakeoverpanel.ie. This information is provided by RNS The company news service from the London Stock Exchange END RETGCBDBXGDGGCG More
Thu 12:12	J & E Davy - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 7776C J & E Davy 19 November 2009 FORM 38.5 IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 18th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `3,883 EUR4.72 EUR4.70` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `33,188 EUR4.73 EUR4.66` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 19th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange END ISEBDBDBBBBGGCC More
Thu 12:04	Goodbody Stock - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 7765C Goodbody Stockbrokers 19 November 2009 AP 17 Form 38.5 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS `1. KEY INFORMATION` `Name of exempt market-maker Goodbody Stockbrokers` `Company dealt in Dragon Oil plc` Class of relevant security to which the dealings being Ord EUR0.10 disclosed relate (Note 1) `Date of dealing 18th November 2009` `2. DEALINGS (Note 2)` (a) Purchases and sales `Total number of relevant Highest price paid Lowest price paid (Note 3) Line of stock` `securities acquired (Note 3)` `2,165 EUR4.67 EUR4.65 Dublin` `306,746 £4.2 £4.1 London` `Total number of relevant Highest price Lowest price received (Note 3) Line of stock` `securities disposed received (Note 3)` `3,000 EUR4.723 EUR4.723 Dublin` `351,776 £4.2 £4.1 London` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant securities Price per unit` `transaction` `e.g. CFD (Note 4) (Note 5) (Note 3)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money` `purchasing, varying to which the option European etc. paid/received per` `etc. relates (Note 5) unit (Note 3)` AP18 (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit `(Note 3)` 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights or any relevant securities under any option referred to on this form relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced . If none, this should be stated. None `Date of disclosure 19th November 2009` `Contact name Ros Lynch` `Telephone number 01 6416020` `Name of offeree/offeror with which Emirates National Oil Company LLC` connected `Specify category and nature of associate Advisor to the offeror` status (Note 6) NOTES ON FORM 38.5 `1 See the definition of relevant securities in Rule 2.1 of Part A of the Rules.` `2 See the definition of dealing in Rule 2.1 of Part A of the Rules.` `3 For all prices and other monetary amounts, the currency must be stated.` `4 If a long position has been increased or decreased as a result of the dealing, write` `increased long or decreased long respectively. If a short position has been` `increased or decreased as a result of the dealing, write increased short or` `decreased short respectively. If the dealing has not resulted in a long or short` `position being increased or reduced, give details of the variation or other dealing.` `5 See Rule 2.7(d) of Part A of the Rules.` `6 See the definition of connected market-maker in Rule 2.3 of Part A of the Rules.` For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel. References in these notes to the Rules are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2007 (as amended). This information is provided by RNS The company news service from the London Stock Exchange END ISEBLBTTMMMBBBL More
Wed 18:44	ENOC hires proxy firm to win over Dragon investors	AFX UK Focus
LONDON, Nov 18 (Reuters) - Shareholder consultancy Georgeson is working to persuade minority investors in Turkmenistan-focused oil explorer Dragon Oil to accept ENOC's $1.9 billion buyout bid, people familiar with the matter said. `ENOC's proposal requires approval from three-quarters of Dragon's minority shareholders, but with the largest of those publicly opposing the deal, ensuring a high turnout and convincing wavering investors to agree could be crucial.` `Georgeson is a so-called "proxy solicitation" firm that communicates with shareholders and looks to boost investor turnout for votes. The firm was appointed on ENOC's behalf by the Dubai refiner's broker, Goodbody, one of the people said.` `ENOC, or Emirates National Oil Co, agreed with Dragon's board on Nov. 2 that it would buy the 48 percent it did not already own of Dragon for 455 pence a share.` However, Dragon's largest minority shareholder, 4.24 percent holder Baillie Gifford & Co, said the proposal "materially understates" Dragon's value. Dragon said on Tuesday ENOC's offer was final. `Dragon Oil and ENOC declined to comment.` `A spokeswoman for Computershare, Georgeson's parent company, did not immediately respond to a request for comment.` `Shares in Dragon closed at 421-1/2 pence, up 2.4 percent on the day, but more than 7 percent below ENOC's bid.` (Reporting by Quentin Webb; Editing by David Holmes) (Visit the Reuters DealZone blog at http://blogs.reuters.com/reuters-dealzone/) Keywords: DRAGON ENOC/ (quentin.webb.reuters.com@reuters.net; +44 207 542 9405) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Wed 14:58	Dragon Oil PLC - Posting of Scheme Document	RNS
RNS Number : 7141C Dragon Oil PLC 18 November 2009 Not for release, publication or distribution (in whole or in part) in, into or from any Restricted Jurisdiction Recommended acquisition for cash by Emirates National Oil Company Limited (ENOC) LLC the ordinary shares that it does not already own in Dragon Oil plc to be effected by way of a Scheme of Arrangement under section 201 of the Companies Act 1963 Posting of Scheme Document On 2 November 2009 the Independent Committee of Dragon Oil plc ("Dragon Oil") and the Board of Emirates National Oil Company Limited (ENOC) LLC ("ENOC") announced that they had reached agreement on the terms of the recommended acquisition for cash of the entire issued and to be issued share capital of Dragon Oil not already owned by ENOC (the "Acquisition"). The Acquisition will be effected by way of a scheme of arrangement under Section 201 of the Companies Act 1963 of Ireland (the "Scheme"). Since the approach by ENOC, the Independent Committee, together with its financial advisers, has sought to achieve the best outcome for minority shareholders. A priority of the Independent Committee has been to ensure that due process is followed at all times and that the integrity of this process is beyond reproach. In its assessment of the Offer Price, the Independent Committee, together with its financial advisers, have undertaken significant valuation work on the assets and prospects of Dragon Oil. Dragon Oil is a single asset company and has made significant progress in developing the Cheleken contract area in the Caspian Sea, offshore Turkmenistan. There are specific geopolitical, operational, and technical risks associated with the contract area and the region which have a significant bearing on the underlying valuation of the asset. The Independent Committee, who has been so advised by Davy Corporate Finance and HSBC, believes that the terms of the Acquisition to be fair and reasonable for the minority shareholders of Dragon Oil. In providing their advice, Davy Corporate Finance and HSBC have taken into account the commercial assessments of the Independent Committee. The cash offer of 455 pence per Dragon Oil share will provide the minority shareholders of Dragon Oil the opportunity to realise a cash exit at a significant premium of 34.6 per cent. to the Closing Price of 338 pence per Dragon Oil Share on 3 June 2009, the last Trading Day prior to the announcement by Dragon Oil that it had received an approach in relation to a possible offer. In arriving at their decision to recommend the Acquisition, the Independent Committee has also taken into account ENOC's majority controlling shareholding in Dragon Oil, as well as a written irrevocable undertaking from ENOC not to sell or accept any offer for its Dragon Oil shares for a 12 month period commencing on 10 August 2009. As a consequence, the Independent Committee has been unable to engage with other parties because no alternative offer would be capable of completion. Dragon Oil has today posted a circular to Dragon Oil Shareholders (and for information only, to holders of options over Dragon Oil Shares) (the "Scheme Document") containing, inter alia, the terms of the Acquisition and the Scheme, an explanatory statement pursuant to Section 202 of the Companies Act 1963 of Ireland, notices of the required meetings, a timetable of principal events and details of the action to be taken by Dragon Oil Shareholders. To become effective, the Scheme requires the approval of Scheme Shareholders at a court meeting (the "Court Meeting") and of Dragon Oil Shareholders at an extraordinary general meeting (the "EGM"). The meetings will be held at The Grosvenor House Hotel, 90 Park Lane, London W1K 7TN, United Kingdom on 11 December 2009. The Court Meeting will commence at 10:00 am, and the EGM will commence at 10:15 am (or as soon thereafter as the Court Meeting shall have concluded or been adjourned). Shareholders may cast votes in respect of the Resolutions to be proposed at the Court Meeting and the EGM in any of the following ways, in accordance with the procedures set out in the Scheme Document: BY WAY OF THE FORMS OF PROXY, WHICH ACCOMPANY THE SCHEME DOCUMENT, BY POST OR IN PERSON; BY APPOINTMENT OF PROXIES VIA THE INTERNET; OR IN THE CASE OF CREST MEMBERS, BY APPOINTMENT OF PROXIES THROUGH THE CREST ELECTRONIC PROXY APPOINTMENT SERVICE. Forms of Proxy for the Court Meeting and the EGM (which accompany the Scheme Document) should be returned by post to Capita Registrars at PO Box 7117, Dublin 2, Ireland, or delivered by hand (during normal business hours only) to Capita Registrars, Unit 5, Manor Street Business Park, Manor Street, Dublin 7, Ireland, no later than 48 hours prior to the commencement of each meeting. The completion and return of a Form of Proxy for any of the meetings will not prevent Dragon Oil Shareholders from attending and voting at the Court Meeting or EGM in person if they wish to do so. It is important that, for the Court Meeting, as many votes as possible are cast (whether in person or by proxy) so that the High Court may be satisfied that there is a fair and reasonable representation of Dragon Oil Shareholder opinion. Dragon Oil Shareholders are therefore strongly urged to complete, sign and return their Forms of Proxy as soon as possible. The Scheme Document will be available on Dragon Oil's website at www.dragonoil.com. Capitalised terms used, but not defined, in this announcement have the same meaning as in the Scheme Document. Enquiries: Dragon Oil `Financial Advisers to Dragon Oil Davy Tel+353 1 679 6363` Corporate FinanceHugh McCutcheonJohn Frain `HSBC Bank plcPhilip WolfeAbbas Merali Tel+44 207 992 2216+44 207 992` 2279 The directors of Dragon Oil accept responsibility for the information contained in this document, other than the recommendation and associated opinions of the Independent Directors. To the best of the knowledge and belief of the directors of Dragon Oil (who have taken all reasonable care to ensure that such is the case), the information contained in this document for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. The Independent Directors accept responsibility for the recommendation of the Acquisition and associated opinions contained in this document. To the best of the knowledge and belief of the Independent Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this document for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. Davy Corporate Finance, which is regulated by the Financial Regulator, is acting exclusively for the Independent Committee of Dragon Oil and no one else in connection with the Acquisition and will not be responsible to anyone other than the Independent Committee of Dragon Oil for providing the protections afforded to clients of Davy Corporate Finance or for providing advice in relation to the Acquisition, the contents of this Announcement or any transaction or arrangement referred to herein. HSBC, which is authorised and regulated by the Financial Services Authority, is acting exclusively for the Independent Committee of Dragon Oil and no one else in connection with the Acquisition and will not be responsible to anyone other than the Independent Committee of Dragon Oil for providing the protections afforded to clients of HSBC or for providing advice in relation to the Acquisition, the contents of this Announcement or any transaction or arrangement referred to herein Any person, who has an interest of one per cent. or more of Dragon Oil Shares may have disclosure obligations under Rule 8.3 of the Irish Takeover Rules, effective from the date of the commencement of the Offer Period. This information is provided by RNS The company news service from the London Stock Exchange END OUPBPBITMMABBJL More
Wed 12:02	Goodbody Stock - Rule 38.5- Dragon Oil Plc	RNS
RNS Number : 7004C Goodbody Stockbrokers 18 November 2009 AP 17 Form 38.5 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS 1 KEY INFORMATION `Name of exempt market-maker Goodbody Stockbrokers` `Company dealt in Dragon Oil plc` Class of relevant security to which the dealings being Ord EUR0.10 disclosed relate (Note 1) `Date of dealing 17th November 2009` `2 DEALINGS (Note 2)` (a) Purchases and sales `Total number of relevant Highest price paid Lowest price paid (Note 3) Line of stock` `securities acquired (Note 3)` `23,638 EUR4.736 EUR4.665 Dublin` `327,350 £4.2775 £4.045 London` `Total number of relevant Highest price Lowest price received (Note 3) Line of stock` `securities disposed received (Note 3)` `18,546 EUR4.81 EUR4.601 Dublin` `350,200 £4.27 £4.08 London` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant securities Price per unit` `transaction` `e.g. CFD (Note 4) (Note 5) (Note 3)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money` `purchasing, varying to which the option European etc. paid/received per` `etc. relates (Note 5) unit (Note 3)` AP18 (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit `(Note 3)` 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights or any relevant securities under any option referred to on this form relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced . If none, this should be stated. None `Date of disclosure 18th November 2009` `Contact name Ros Lynch` `Telephone number 01 6416020` `Name of offeree/offeror with which Emirates National Oil Company LLC` connected `Specify category and nature of associate Advisor to the offeror` status (Note 6) NOTES ON FORM 38.5 `1 See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.` `2 See the definition of "dealing" in Rule 2.1 of Part A of the Rules.` `3 For all prices and other monetary amounts, the currency must be stated.` `4 If a long position has been increased or decreased as a result of the dealing, write` `"increased long" or "decreased long" respectively. If a short position has been` `increased or decreased as a result of the dealing, write "increased short" or` `"decreased short" respectively. If the dealing has not resulted in a long or short` `position being increased or reduced, give details of the variation or other dealing.` `5 See Rule 2.7(d) of Part A of the Rules.` `6 See the definition of "connected market-maker" in Rule 2.3 of Part A of the Rules.` For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel. References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2007 (as amended). This information is provided by RNS The company news service from the London Stock Exchange END ISEEAFFPFSPNFFE More
Wed 11:45	J & E Davy - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 6969C J & E Davy 18 November 2009 `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 17th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `37,468 EUR4.77 EUR4.60` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `14,479 EUR4.82 EUR4.66` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 18th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange END ISEBBBDBXSBGGCI More
Tue 12:00	Goodbody Stock - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 6309C Goodbody Stockbrokers 17 November 2009 AP 17 Form 38.5 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS 1 KEY INFORMATION `Name of exempt market-maker Goodbody Stockbrokers` `Company dealt in Dragon Oil plc` Class of relevant security to which the dealings being Ord EUR0.10 disclosed relate (Note 1) `Date of dealing 16th November 2009` `2 DEALINGS (Note 2)` (a) Purchases and sales `Total number of relevant Highest price paid Lowest price paid (Note 3) Line of stock` `securities acquired (Note 3)` `1,188 EUR4.89 EUR4.89 Dublin` `23,984 £4.3875 £4.285 London` `Total number of relevant Highest price Lowest price received (Note 3) Line of stock` `securities disposed received (Note 3)` `1,188 £4.3629 £4.3629 London` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant securities Price per unit` `transaction` `e.g. CFD (Note 4) (Note 5) (Note 3)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money` `purchasing, varying to which the option European etc. paid/received per` `etc. relates (Note 5) unit (Note 3)` AP18 (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit `(Note 3)` 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights or any relevant securities under any option referred to on this form relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced . If none, this should be stated. None `Date of disclosure 17th November 2009` `Contact name Ros Lynch` `Telephone number 01 6416020` `Name of offeree/offeror with which Emirates National Oil Company LLC` connected `Specify category and nature of associate Advisor to the offeror` status (Note 6) NOTES ON FORM 38.5 `1 See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.` 2 See the definition of "dealing" in Rule 2.1 of Part A of the Rules. 3 For all prices and other monetary amounts, the currency must be stated. 4 If a long position has been increased or decreased as a result of the dealing, write `"increased long" or "decreased long" respectively. If a short position has been` `increased or decreased as a result of the dealing, write "increased short" or` `"decreased short" respectively. If the dealing has not resulted in a long or short` `position being increased or reduced, give details of the variation or other dealing.` `5 See Rule 2.7(d) of Part A of the Rules.` `6 See the definition of "connected market-maker" in Rule 2.3 of Part A of the Rules.` For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel. References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2007 (as amended). This information is provided by RNS The company news service from the London Stock Exchange END ISEBRBBTMMABBAL More
Tue 11:56	J & E Davy - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 6308C J & E Davy 17 November 2009 `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 16th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `23,857 EUR4.80 EUR4.79` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `11,677 EUR4.80 EUR4.80` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 17th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 13th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `109,025 EUR4.85 EUR4.70` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `114,050 EUR4.88 EUR4.85` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 16th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 12th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `31,230 EUR4.82 EUR4.74` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `12,482 EUR4.74 EUR4.71` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 13th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 10th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `418,671 EUR4.99 EUR4.91` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `458,009 EUR4.99 EUR4.97` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 11th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 06th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `61,245 EUR4.99 EUR4.93` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `75,368 EUR5.01 EUR4.97` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 09th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 11th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `326,074 EUR4.96 EUR4.79` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `308,988 EUR4.97 EUR4.85` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 12th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` `FORM 38.5` IRISH TAKEOVER PANEL Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 (As Amended) Dealings by Connected Exempt Market-Makers `1. KEY INFORMATION` `Name of exempt market-maker J & E Davy` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary Shares` disclosed relate (Note 1) `Date of dealing 09th November 2009` `2. DEALINGS (Note 2)` `(a) Purchases and sales` `Total number of relevant Highest price paid (Note 3) Lowest price paid (Note 3)` securities acquired `16,533 EUR5.00 EUR4.91` `Total number of securities Highest price received (Note 3) Lowest price received (Note 3)` disposed `196 EUR4.95 EUR4.95` (b) Derivatives transactions (other than option transactions) `Product name, Nature of Number of relevant Price per unit (Note 3)` `e.g. CFD transaction (Note 4) securities (Note 5)` N/A (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 5) unit (Note 3)` N/A `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None `Date of disclosure 10th November 2009` `Contact name Mark Smyth` `Telephone number 01-6149063` Name of offeree/offeror with which connected Dragon Oil `Nature of connection (Note 6) Concert party to Offeree` This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange END ISEBBBDBSUBGGCR More
Tue 09:22	Baillie Gifford &Co. - Rule 8.3- (Dragon Oil Plc)	RNS
RNS Number : 6189C Baillie Gifford & Co. 17 November 2009 FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE `1. KEY INFORMATION` `Name of person dealing (Note 1) Baillie Gifford & Co` `Company dealt in Dragon Oil Plc` `Class of relevant security to which the dealings being Ordinary shares` disclosed relate (Note 2) `Date of dealing 16/11/09` `2. INTERESTS AND SHORT POSITIONS` `(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)` `Long Short` `Number (%) Number (%)` `(1) Relevant securities 21,820,402 4.24%` (2) Derivatives (other than options) (3) Options and agreements to purchase/sell `Total 21,820,402 4.24%` `(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)` `Class of relevant security: Long Short` `Number (%) Number (%)` (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total `3. DEALINGS (Note 4)` `(a) Purchases and sales` Purchase/sale Number of relevant securities Price per unit (Note 5) `Purchase 300,000 £4.32` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant Price per unit (Note 5)` `e.g. CFD transaction (Note 6) securities (Note 7)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money` `e.g. call option purchasing, varying to which the option price European etc. date paid/received per` `etc. relates (Note 7) unit (Note 5)` `(ii) Exercising` Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) `4. OTHER INFORMATION` Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Is a Supplemental Form 8 attached? (Note 9) YES/NO `Date of disclosure 17/11/09` `Contact name Michael Murray` `Telephone number 44 131 275 3036` If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10) The Notes on Form 8.3 can be viewed on the Panel's website at www.irishtakeoverpanel.ie. This information is provided by RNS The company news service from the London Stock Exchange END RETGCBDBGDBGGCR More
Tue 08:11	UPDATE 1-Dragon Oil says ENOC won't up offer from 455p/shr	AFX UK Focus
LONDON, Nov 17 (Reuters) - Dragon Oil Plc said Dubai's state-owned refiner Emirates National Oil Co (ENOC) has confirmed it won't increase its takeover offer from 455 pence per share. `The offer values Dragon at 2.36 billion pounds ($4.0 billion).` `On Nov 2, Dragon's committee of independent directors advised investors to accept the 455 pence a share bid announced for the 48 percent of the Turkmenistan-focused oil explorer that ENOC does not own.` `However last week, Dragon's largest minority investor Baillie Gifford & Co, whose funds own 4.2 percent of Dragon, said it would reject the offer as it "materially understates the fundamental and strategic value" of the company.` `On Tuesday, Dragon said ENOC remains a committed long-term majority shareholder whatever the outcome of the recommended offer.` `Dragon shares closed at 429 pence in London on Monday, valuing the group at 2.2 billion pounds.` `(Reporting by Julie Crust; editing by Matt Scuffham)` `($1=.5941 POUND) Keywords: DRAGON ENOC/` (julie.crust@thomsonreuters.com; +44 207 542 3847) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Tue 07:31	BRIEF-Dragon Oil - ENOC confirms final offer of 455p/shr	AFX UK Focus
This news article is displayed preformatted as it may contain results tables LONDON, Nov 17 (Reuters) - Dragon Oil PLC: * Enoc has confirmed that the price of 455 pence per Dragon Oil share is final * Continues to recommend unanimously that Dragon Oil shareholders vote in favour of the acquisition ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Tue 07:05	Dragon Oil PLC - Offer Update	RNS
RNS Number : 6030C Dragon Oil PLC 17 November 2009 17 November 2009 Not for release, publication or distribution (in whole or in part) in, into or from any Restricted Jurisdiction Dragon Oil plc no increase statement from enoc Further to the announcement on 2 November 2009 regarding the recommended acquisition for cash of the entire issued and to be issued share capital of Dragon Oil plc ("Dragon Oil") not already owned by the Emirates National Oil Company Limited LLC ("ENOC") (the "Acquisition"), the Board of ENOC has confirmed to the Independent Committee of Dragon Oil that the price of 455 pence per Dragon Oil Share is final and will not be increased and that, whether or not the Acquisition is successful, ENOC remains a committed long-term majority shareholder in Dragon Oil. In the same joint announcement by the Independent Committee of Dragon Oil and the Board of ENOC on 2 November 2009, the Independent Committee (having been so advised by Davy Corporate Finance and HSBC) stated that the terms of the proposed Acquisition by ENOC are fair and reasonable for the minority shareholders of Dragon Oil. The Independent Committee reiterates that the cash offer of 455 pence per Dragon Oil Share will provide the minority shareholders of Dragon Oil with the opportunity to realise a cash exit at a significant premium of 34.6 per cent. to the Closing Price of 338 pence per Dragon Oil Share on 3 June 2009, the last Trading Day prior to the announcement by Dragon Oil that it had received an approach in relation to a possible offer, and reiterates that the terms of the proposed acquisition are fair and reasonable for the minority shareholders of Dragon Oil. The Independent Committee confirms that it continues to recommend unanimously that Dragon Oil Shareholders vote in favour of the Acquisition. It is envisaged that the Scheme Document, containing further details of the Acquisition, will be issued to Dragon Oil shareholders later this week. PRESS ENQUIRIES: Dragon Oil `Financial Advisers to Dragon Oil Tel` `Davy Corporate Finance +353 1 679 6363` Hugh McCutcheon John Frain `HSBC Bank plc Tel` `Philip Wolfe +44 207 992 2216` `Abbas Merali +44 207 992 2279` `PR Adviser to Dragon Oil Tel` `Citigate +44 207 638 9571` Martin Jackson Emma Woollaston ENOC `Financial Adviser to ENOC Tel` `Standard Chartered +44 207 885 8888` Amer Baig Andrew Bartlett Jonathan Story Laurence Barnaud-Bettle Thomas Pfeiffer `Corporate Broker to ENOC Tel` `Goodbody Stockbrokers +353 1 667 0400` Linda Hickey Simon Howley `PR Adviser to ENOC Tel` `Finsbury +44 207 251 3801` Andrew Mitchell Charles Chichester The directors of Dragon Oil accept responsibility for the information contained in this Announcement relating to Dragon Oil, the Dragon Oil Group, the directors of Dragon Oil and members of their immediate families, related trusts and persons connected with them. To the best of the knowledge and belief of the directors of Dragon Oil (who have taken all reasonable care to ensure such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. The members of the Independent Committee of Dragon Oil accept responsibility for the recommendation of the Acquisition and associated opinions contained in this announcement. To the best of the knowledge and belief of the members of the Independent Committee of Dragon Oil (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. The directors of ENOC accept responsibility for the information contained in this announcement, other than that relating to Dragon Oil, the Dragon Oil Group, the directors of Dragon Oil and members of their immediate families, related trusts and persons connected with them and the recommendation and related opinions of the Independent Committee of Dragon Oil contained herein. To the best of the knowledge and belief of the directors of ENOC (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. Davy Corporate Finance, which is regulated by the Financial Regulator, is acting exclusively for the Independent Committee of Dragon Oil and no one else in connection with the Acquisition and will not be responsible to anyone other than the Independent Committee of Dragon Oil for providing the protections afforded to clients of Davy Corporate Finance or for providing advice in relation to the Acquisition, the contents of this announcement or any transaction or arrangement referred to herein. HSBC, which is authorised and regulated by the Financial Services Authority, is acting exclusively for the Independent Committee of Dragon Oil and no one else in connection with the Acquisition and will not be responsible to anyone other than the Independent Committee of Dragon Oil for providing the protections afforded to clients of HSBC or for providing advice in relation to the Acquisition, the contents of this announcement or any transaction or arrangement referred to herein Standard Chartered, which is authorised and regulated by the Financial Services Authority, is acting for ENOC and for no one else in connection with the Acquisition and will not be responsible to anyone other than ENOC for affording the protections afforded to clients of Standard Chartered or for providing advice in relation to the Acquisition, the contents of this announcement or any matters referred to herein. Goodbody Stockbrokers, which is regulated by the Financial Regulator, is acting exclusively for ENOC and no one else in connection with the Acquisition and will not be responsible to anyone other than ENOC for providing the protections afforded to clients of Goodbody Stockbrokers or for providing advice in relation to the Acquisition, the contents of this announcement or any transaction or arrangement referred to herein. In this announcement terms not otherwise defined shall have the same meaning as in the announcement made pursuant to Rule 2.5 of the Irish Takeover Rules on 2 November 2009. This Announcement does not constitute an offer or invitation to purchase, sell, subscribe or exchange or the solicitation of an offer to purchase, sell, subscribe or exchange any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise, nor shall there be any purchase, sale or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to any required registration or qualification under the laws of any jurisdiction. The release, publication or distribution of this announcement in or into certain jurisdictions may be restricted by the laws of those jurisdictions. Accordingly, copies of this announcement and all other documents relating to the Acquisition are not being, and must not be, released, published, mailed or otherwise forwarded, distributed or sent in, into or from any Restricted Jurisdiction. Persons receiving such documents (including, without limitation, nominees, trustees and custodians) should observe these restrictions. Failure to do so may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the companies involved in the proposed transaction disclaim any responsibility or liability for the violations of any such restrictions by any person. Any response in relation to the Acquisition should be made only on the basis of the information contained in the Scheme Document or any document by which the Acquisition is made. Dragon Oil Shareholders are advised to read carefully the formal documentation in relation to the proposed transaction once the Scheme Document has been despatched. Any person, who has an interest of one per cent. or more of Dragon Oil Shares may have disclosure obligations under Rule 8.3 of the Irish Takeover Rules, effective from the date of the commencement of the Offer Period. This information is provided by RNS The company news service from the London Stock Exchange END OUPDBBDBDBBGGCL More
Mon 16:35	UPDATE 2-Another Dragon Oil investor rejects ENOC bid	AFX UK Focus
By Tom Bergin LONDON, Nov 16 (Reuters) - Another shareholder in explorer Dragon Oil said it would reject a takeover bid from controlling shareholder Emirates National Oil Company (ENOC), that values Dragon at $3.9 billion. `Paris-based Carmignac Gestion said the bid undervalued Dragon's assets and prospects for growth, boosting the chances that ENOC will not succeed with its bid and may be forced to offer more cash.` `"It will be tight," one source close to the process said.` `Portfolio Manager Xavier Hovasse said in an email that funds under his firm's management owned 4.3 million shares, or 0.83 percent of Dragon's issued shares.` `Dragon shares traded down 0.6 percent at 429 pence at 1512 GMT, lagging a 1.9 percent gain in the DJ Stoxx European oil and gas sector index.` `Dubai state-controlled ENOC said its bid was conditional on acceptance from 75 percent of the minority shareholders, which means investors representing around 12 percent of the total share capital could block the deal.` `After Dragon's largest minority investor Baillie Gifford & Co, whose funds own 4.2 percent of Dragon, said last week it would reject the bid, Keith Morris at Evolution Securities said there was a real and growing risk the bid would fail.` `Peter Hutton, oil analyst at NCB, said in a research note last week that ENOC has allowed itself the option to increase its original bid of 455 pence/share but added it may be unable to borrow enough money to do so.` `ENOC plans to finance the $1.9 billion acquisition with debt from Standard Chartered and Dubai-state controlled bank Emriates NBD.` `However, as soon as it consolidates Dragon Oil, it would be able to use the $900 million on Dragon's balance sheet to repay a chunk of the debt.` `Soon after, it could borrow against Dragon's fields to repay much or all of the remaining debt, market sources said, with the result that ENOC has to contribute little or no cash from its own balance sheet.` `One hedge fund manager, who owns Dragon stock, said ENOC could afford to pay up to 6 pounds/share without having to contribute any cash to the deal, although he doubted it would be prepared to pay this much.` `ENOC declined to comment while a Dragon spokesman said the committee of independent directors still recommended the bid, which they thought was fair.` `ENOC could, possibly, gain outright control without upping its offer if it amended the offer to a form whereby it proceeds with the takeover if it receives 75 percent of Dragon's total issued share capital.` `It could then delist the company, which would force some institutional investors, which are only allowed to own listed shares, to sell out, thus allowing ENOC to reach the threshold at which it could squeeze out minority shareholders.` `ENOC already owns 52 percent of Dragon.` `Hutton sees such a move as legally possible but unlikely.` `"It would be damaging to Dubai's reputation at a time when the Emirate is trying to establish itself as an international financial centre, and when Dubai is seeking international funding. We would not expect the advisers of either ENOC or Dragon to support such a tactic" he said.` (Additional reporting by Quentin Webb; Editing by Mike Nesbit and Simon Jessop) Keywords: DRAGONOIL/ (Reporting by Tom Bergin, +44 207 542 1029, tom.bergin@reuters.com, Reuters Messaging tom.bergin.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Mon 12:09	Goodbody Stock - Rule 38.5 - Dragon Oil Plc	RNS
RNS Number : 5636C Goodbody Stockbrokers 16 November 2009 AP 17 Form 38.5 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2007 (AS AMENDED) DEALINGS BY CONNECTED EXEMPT MARKET-MAKERS `1. KEY INFORMATION` `Name of exempt market-maker Goodbody Stockbrokers` `Company dealt in Dragon Oil plc` Class of relevant security to which the dealings being Ord EUR0.10 disclosed relate (Note 1) `Date of dealing 13th November 2009` `2. DEALINGS (Note 2)` (a) Purchases and sales `Total number of relevant Highest price paid Lowest price paid (Note 3) Line of stock` `securities acquired (Note 3)` `7,000 EUR4.927 EUR4.85 Dublin` `32,471 £4.3375 £4.32 London` `Total number of relevant Highest price Lowest price received (Note 3) Line of stock` `securities disposed received (Note 3)` `5,879 EUR4.927 EUR4.888 Dublin` `7,007 £4.4007 £4.4007 London` (b) Derivatives transactions (other than options transactions) `Product name, Nature of Number of relevant securities Price per unit` `transaction` `e.g. CFD (Note 4) (Note 5) (Note 3)` (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying `Product name, e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money` `purchasing, varying to which the option European etc. paid/received per` `etc. relates (Note 5) unit (Note 3)` AP18 (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit `(Note 3)` 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights or any relevant securities under any option referred to on this form relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced . If none, this should be stated. None `Date of disclosure 16th November 2009` `Contact name Ros Lynch` `Telephone number 01 6416020` `Name of offeree/offeror with which Emirates National Oil Company LLC` connected `Specify category and nature of associate Advisor to the offeror` status (Note 6) NOTES ON FORM 38.5 `1 See the definition of "relevant securities" in Rule 2.1 of Part A of the Rules.` `2 See the definition of "dealing" in Rule 2.1 of Part A of the Rules.` `3 For all prices and other monetary amounts, the currency must be stated.` `4 If a long position has been increased or decreased as a result of the dealing, write` "increased long" or "decreased long" respectively. If a short position has been `increased or decreased as a result of the dealing, write "increased short" or` `"decreased short" respectively. If the dealing has not resulted in a long or short` `position being increased or reduced, give details of the variation or other dealing.` `5 See Rule 2.7(d) of Part A of the Rules.` `6 See the definition of "connected market-maker" in Rule 2.3 of Part A of the Rules.` For full details of disclosure requirements, see Rules 8 and 38.5 of the Rules. If in doubt, consult the Panel. References in these notes to "the Rules" are to the Irish Takeover Panel Act, 1997, Takeover Rules, 2007 (as amended). This information is provided by RNS The company news service from the London Stock Exchange END RETBFBTTMMMBBFL More
Mon 11:11	UPDATE 1-Another Dragon Oil investor rejects ENOC bid	AFX UK Focus
By Tom Bergin LONDON, Nov 16 (Reuters) - Another shareholder in explorer Dragon Oil said it would reject a takeover bid from controlling shareholder Emirates National Oil Company (ENOC), that values Dragon at $3.9 billion. `Paris-based Carmignac Gestion said the bid undervalued Dragon's assets and prospects for growth.` `Portfolio Manager Xavier Hovasse said in an email that funds under his firm's management owned 4.3 million shares, or 0.83 percent of Dragon's issued shares.` `Dragon shares traded down 0.5 percent at 430 pence at 1051 GMT, lagging a 1 percent gain in the DJ Stoxx European oil and gas sector index.` `ENOC said its bid was conditional on acceptance from 75 percent of the minority shareholders, which means investors representing just 12 percent of the total share capital could block the deal.` `After Dragon's largest minority investor Baillie Gifford & Co, whose funds own 4.2 percent of Dragon, said last week it would reject the bid, Keith Morris at Evolution Securities said there was a real and growing risk this happens.` `Peter Hutton, oil analyst at NCB, said in a research note last week that ENOC has allowed itself the option to increase its original bid of 455 pence/share but added it may be unable to borrow enough money to do so.` `One hedge fund broker said Dragon could amend its offer so that it can proceed with the takeover and delist the company if it receives 75 percent of the total issued share capital.` `ENOC already owns 52 percent of Dragon.` `Hutton sees such a move as legally possible but unlikely.` `"It would be damaging to Dubai's reputation at a time when the Emirate is trying to establish itself as an international financial centre, and when Dubai is seeking international funding. We would not expect the advisers of either ENOC or Dragon to support such a tactic" he said.` (Editing by Mike Nesbit) Keywords: DRAGONOIL/ (Reporting by Tom Bergin, +44 207 542 1029, tom.bergin@reuters.com, Reuters Messaging tom.bergin.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Mon 10:26	BRIEF-Another Dragon Oil investor rejects ENOC bid	AFX UK Focus
LONDON, Nov 16 (Reuters) - Dragon Oil PLC investor Carmignac Gestion says: WILL REJECT ENOC BID FOR DRAGON BID FAILS TO RECOGNISE THE VALUE OF DRAGON'S ASSETS ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More

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