Memery Crystal LLP is acting for Mediterranean Oil & Gas Plc (MOG) in connection with its recommended takeover by Rockhopper Exploration plc, which was announced on 23 May 2014.
Under the terms of the deal, valued at £29.3m, MOG shareholders will receive 6.5 pence per share in cash and Rockhopper shares for each MOG share held. In addition, MOG shareholders will receive a contingent entitlement up to a maximum amount of 3.550 pence payable in cash per share.
AIM-listed MOG is a Europe-focused oil and gas exploration and production company with operations in Italy, Malta and France. AIM-listed Rockhopper is an exploration and production company with its principal assets in the North Falkland Basin.
The Memery Crystal team included corporate partner Andrew Titmas and corporate associate David Martin.
Memery Crystal acted for MOG on its admission to AIM in 2005 and has advised on a number of transactions in subsequent years.