26 October 2016
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 SUCH JURISDICTION.
Atlantic Carbon Group Plc ("ACG" or the "Company")
Statement regarding Atrum Coal NL
Atlantic Carbon Group Plc notes the announcement made by Atrum Coal NL ("Atrum" or the "Bidder") on 26 October 2016 that, in accordance with the requirements of the UK City Code on Takeovers and Mergers (the "Takeover Code"), Atrum does not intend to make an offer for ACG. Accordingly, Atrum is bound by the restrictions of the Takeover Code.
As all publicly identified potential bidders have now announced that they do not intend to make an offer for the shares of ACG, ACG is no longer in an offer period.
Enquiries:
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Atlantic Carbon Group Plc
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Adam Wilson, Chairman
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0191 386 6392
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Daniel Stewart & Company plc
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Peter Shea / Daphne Zhang
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020 7776 6550
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Disclaimer
Daniel Stewart & Company plc ("Daniel Stewart") which is regulated in the United Kingdom by The Financial Conduct Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Daniel Stewart or for providing advice in relation to the matters described in this announcement.