CNOOC Limited
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(Translation of registrant’s name into English)
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65th Floor
Bank of China Tower
One Garden Road
Central, Hong Kong
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(Address of principal executive offices)
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Form 20-F X Form 40-F ___
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Yes ___ No X
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CNOOC Limited
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By:
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/s/ Jiang Yongzhi
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Name:
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Jiang Yongzhi
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Title:
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Joint Company Secretary
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Exhibit No. | Description |
99.1
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Announcement dated September 8, 2011, entitled “Announcement on Progress Relating to the Possible Acquisition of OPTI”. |
Reference is made to the announcements of the Company dated July 20, 2011 and July 27, 2011, respectively, in relation to the proposed transaction involving the acquisition of OPTI (the “Announcements”). Terms defined in the Announcements shall, unless the context otherwise requires, bear the same meaning herein.
The Board is pleased to announce that, on September 7, 2011, the Canadian Court has granted the Plan Sanction Order which approved, amongst other things, the Plan of Arrangement pursuant to the CCAA and the CBCA. The Plan Sanction Order was granted following a meeting of the Second Lien Noteholders held on the same day at which, amongst other things, the Plan of Arrangement was approved by a majority of Second Lien Noteholders, present in person or by proxy, who collectively hold 99.97% in principal amount of the Second Lien Notes that were voted at the meeting.
It is anticipated that the Transaction will become effective in the fourth quarter of 2011, subject to satisfaction or waiver (where applicable) of all of the Conditions.
Shareholders of the Company and potential investors should note that the Transaction is subject to various conditions which may or may not be fulfilled. There is therefore no assurance that the Transaction will proceed and, if it proceeds, on what terms it may proceed. Shareholders of the Company and potential investors are reminded to exercise caution when dealing in the shares of the Company.
Further announcements will be made in accordance with the Listing Rules.
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By Order of the Board
CNOOC Limited
Jiang Yongzhi
Joint Company Secretary
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Executive Directors
Yang Hua (Vice Chairman)
Li Fanrong
Wu Guangqi
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Independent Non-executive Directors
Edgar W. K. Cheng
Chiu Sung Hong
Lawrence J. Lau
Tse Hau Yin, Aloysius
Wang Tao
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Non-executive Directors
Wang Yilin (Chairman)
Zhou Shouwei
Wu Zhenfang
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