Circle Oil et les avoirs de la libye

el jadida

el jadida/mazagan beach
11 March 2011 11 Mars 2011

La Société a examiné le règlement du Conseil (UE) n ° 204/2011 du 2 Mars 2011 concernant des mesures restrictives en raison de la situation en Libye et le Conseil du règlement d'application (UE) n ° 233/2011 du 10 Mars 2011 (ensemble le «Règlement» ).
. Après avoir pris un avis juridique, la Société estime que les actions ordinaires qui sont la détenus par LOH, ce qui représente 17,75 pour cent. du capital social émis de la Société, sont soumis aux règlements et sont donc effectivement gelés.La Société a informé aujourd'hui l'LOH qu'il ne sera pas enregistrer tout transfert à l'égard des actions jusqu'à nouvel avis.

Cette action n'a aucun effet sur ​​les opérations courantes de la Société.

source

http://translate.google.fr/translat...rcle+oil&hl=fr&lr=&sa=G&tbs=qdr:d&prmd=ivnsfd
 

el jadida

el jadida/mazagan beach
By John Mulligan

Saturday March 12 2011

COLONEL Gaddafi's state-owned Libya Oil Holdings has had its €38m stake in Irish exploration firm Circle Oil frozen on foot of a European Union order that's been put in place to put pressure on the embattled dictator.

Libya Oil Holdings has an almost 18pc stake in Circle Oil and it had been under scrutiny over the past number of days as the EU moved to undermine Col Gaddafi's regime.

The holding is worth £33m (€38m), based on Circle Oil's closing price in London last night, where it is listed on the Alternative Investment Market.

Circle Oil said that having taken legal advice, the company considered that the ordinary shares that were beneficially owned by Libya Oil Holdings (LOH) were subject to the EU regulations and were therefore "effectively frozen".

Circle Oil said it informed yesterday that it would not register any transfer in respect of the shares until further notice.

Shares in Circle Oil, which is active in Egypt, Morocco, Oman, Tunisia and Namibia, fell 5.65pc yesterday.

The EU said yesterday that it had frozen the assets of five Libyan financial institutions including the country's central bank, the Libyan Investment Authority, Libyan Foreign Bank, Libyan Housing and Infrastructure Board and the Libya Africa Investment Portfolio.

The EU said the vehicles were under the control of Col Gaddafi and his family and that they represented a "potential source of funding for his regime".

The Central Bank of Libya owns 5pc of Italy's biggest bank, UniCredit, which also froze the associated shareholder rights. Another 2.6pc of the bank is owned by the Libyan Investment Authority.

Libya Oil Holdings paid £19m (€22m) to acquire a 29.7pc stake in Circle Oil in 2008 as part of a £33m placing. Iceland's Kaupthing Bank was also an investor.

It collapsed just weeks later. The Libyans' stake was diluted following further placings by Circle.

- John Mulligan

Irish Independent
 
Haut