THE HAGUE, The Netherlands, May 9, 2012 /PRNewswire/ --
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
Recommended Cash Offer
byShell Exploration and Production (XL) B.V. ("Shell Bidco") for Cove Energy plc ("Cove") Consent of Republic of Mozambique's Minister of Natural Resources On 24 April 2012, the boards of Shell Bidco and Cove announced the terms of the recommended cash offer by Shell Bidco, a wholly owned subsidiary of Royal Dutch Shell plc (" Shell") (NYSE: RDS.A) (NYSE: RDS.B), for the entire issued and to be issued share capital of Cove (the " Offer"). The offer document (the " Offer Document"), which contains, among other things, the full terms and conditions of the Offer and procedures for acceptance of the Offer, was issued by Shell Bidco on 2 May 2012. Shell Bidco is pleased to announce the issue by the Office of the Republic of Mozambique's Minister of Natural Resources of consent to the indirect acquisition by Shell Bidco of Cove Mozambique and the Rovuma Area 1 Interest. Shell can bring its innovative technologies, development track record, outstanding LNG operational experience and proven commercialisation strategies to add significant value to Mozambique and Kenya and the partners in the ventures. The Offer remains subject to the conditions set out in Part A of Appendix I to the Offer Document. The Offer is open for acceptance until 1.00 p.m. ( London time) on 23 May 2012 (or such later time(s) and/or date(s) as Shell Bidco may decide, subject to the consent of the Panel, where required). To accept the Offer in respect of Cove Shares in certificated form, the completed and signed Forms of Acceptance should be returned and received by the Receiving Agent, and in respect of Cove Shares held in uncertificated form, electronic acceptances should be settled, in accordance with the instructions set out in the Offer Document as soon as possible and, in any event, no later than 1.00 p.m. ( London time) on 23 May 2012. Capitalised terms used in this announcement have the meanings given to them in the Offer Document.
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