Rockhopper completes MOG takeover
- Business & Finance
Rockhopper has completed the acquisition of Mediterranean Oil & Gas plc (“MOG”), an oil and gas exploration company with assets in Italy, Malta and France.
Following the completion of the transaction on August 11, Keith Henry, William Higgs, Christopher Kelsall, Sergio Morandi, Peter Jackson and Enrico Testa have all resigned from their positions as a directors of MOG.
Trading in the MOG Shares on the AIM market of the London Stock Exchange (“AIM”) was suspended at 7.30 a.m. (London time) on 8 August 2014 and the admission of the MOG Shares to trading on AIM was cancelled at 7.00 a.m. (London time) on 12 August 2014.
Keith Henry, Chairman of Mediterranean Oil & Gas plc, commented:
“With this transaction now completed and the reins handed over to Rockhopper, I would like to take this opportunity to thank the Board of MOG, and in particular Bill Higgs and Chris Kelsall, as the executives stepping down from the Company, for their efforts in guiding MOG to this successful conclusion. I am delighted that the MOG team in Italy will continue to play an important role as they join the Rockhopper team, and I wish all of them good luck for the future”.