Court Convenes Scheme Meeting
Independent Expert finds Merger Fair and Reasonable
On 16 June 2008 Roc Oil Company Limited
("ROC") and Anzon Energy Limited ("AEL") announced their
intention to merge by way of scheme of arrangement ("Merger").
The Federal Court of Australia has today ordered the
convening of a meeting of shareholders of AEL ("Scheme Meeting") to
enable a vote to be taken on the proposed Merger. The Scheme Meeting will be
held at 10am (AEST) on 3 September 2008 at Corrs Chambers Westgarth, Level
32, Governor Phillip Tower, 1 Farrer Place, Sydney, Australia.
Deloitte Corporate Finance Pty Limited, who were
commissioned by AEL to prepare an independent expert's report on the Merger,
have concluded that the Merger is fair and reasonable and therefore in the
best interests of AEL shareholders.
The Boards of each of ROC and AEL have unanimously
agreed to pursue the Merger. The AEL Board has unanimously recommended that
AEL shareholders vote in favour of the resolution to approve the Merger at
the Scheme Meeting, in the absence of a superior proposal.
Full details of the Merger, including how to vote on
the resolution and a full copy of the independent expert's concise report,
are included in the Scheme Booklet and Notice of Meeting which will be posted
to all AEL shareholders next week. The Scheme Booklet and Notice of Meeting
will be announced to AIM and will be available on both the ROC and AEL websites later this week.
If you have any questions in relation to the Merger,
please call the Information Line between 9:00am to 5:00pm (AEST) Monday to
Friday on 1300 309 234 (within Australia), or 0800 450 974 (within New
Zealand), or +61 3 9415 4639 outside Australia and New Zealand.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr Bruce Clement
Acting Chief
Executive Officer
Roc Oil Company Limited
Telephone: +61 2 8356 2000
Website: www.rocoil.com.au
Level 14, 1 Market Street
Sydney NSW 2000
ROC Financial Adviser
Bruce McLennan
Managing Director
Gresham Advisory Partners
Telephone: +61 2 9224 0269
ROC Nominated Adviser & UK Corporate Broker
Michael Shaw
Partner
Oriel Securities Limited
Telephone: + 44 20 7710 7600
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Mr Andrew Young
Managing
Director
Anzon Energy Limited
Telephone: +61 2 9024 3555
Website: www.anzonenergy.com
Level 13, 90 Arthur Street
North Sydney NSW 2060
AEL Financial Adviser
Robert Sennitt
Division Director
Macquarie Capital Advisers
Telephone: +61 414 295 264
AEL Nominated Adviser
Fiona Owen
Partner
Grant Thornton UK LLP
Telephone: + 44 20 7383 5100
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