Who is bidding for ithaca energy

See all companies matching. See all news matching. Investor deep dive. View company profile. Ithaca Energy. Sign up for Newsletter. Create your account: sign up and get ahead on news and events. Deep dive. Most read Finance Decentraland: Everything you need to know about the metaverse alt-coin 1 week, 1 day ago. Crypto Crypto traders eye catch-up trade as Cardano outpaces Bitcoin and Ethereum More stories. Such forward looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Ithaca to differ materially from any future results, performance or achievements expressed or implied by such forward looking statements, including the risk that all conditions of the offer will not be satisfied.

Many of these risks and uncertainties relate to factors that are beyond Ithaca's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment, the behaviour of other market participants and the failure to satisfy the conditions to the mailing or completion of the Offer including the Minimum Tender Condition and receiving any required regulatory approvals , the risk of unexpected costs or liabilities relating to the Offer.

Ithaca cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. Ithaca disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. Such an offer may only be made pursuant to an offer and takeover bid circular filed with the securities regulatory authorities in Canada and pursuant to registration or qualification under the securities laws of any other applicable jurisdiction. The distribution of this press release in or into certain jurisdictions may be restricted by law and therefore persons into whose possession this press release comes should inform themselves about, and observe, such restrictions.

Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction. This material is not a substitute for the offer and takeover bid circular or the Directors' circular which will be filed with the securities regulatory authorities in Canada regarding the proposed transaction or for any other document which Ithaca or Delek may file with securities regulators and send to Ithaca shareholders in connection with the proposed transaction.

If the Company fails to receive a response regarding the foregoing quantity, the Offer will not be accepted. For any acceptance above the above quantity, the Company is obligated to purchase the responded shares. There is no obligation to the Company to undertake any form of subsequent acquisition transaction to acquire the remaining shares of Ithaca.

The Company intends to finance the Offer from its independent sources, inter alia, as per the Company's cash balance and expected cash flows of future assets divestments. All of Ithaca's directors and officers have agreed to tender their shares, representing 2. Sign up for our weekly email newsletter delving into climate science and life on a changing planet.

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