Chandler Corporation Announces the Purchase of Common Shares of InterOil
Corporation
SINGAPORE, Nov. 19, 2013 /CNW Telbec/ - The Chandler Corporation announced
today that Orchid Capital Investments Pte. Ltd. ("Orchid") has, on 18 November
2013, acquired beneficial ownership of 183,676 common shares (the "Purchased
Shares") in the capital of InterOil Corporation (the "Issuer"), representing
approximately 0.3761% of the issued and outstanding common shares of the
Issuer. As a result of this purchase, Orchid's shareholding in the Issuer is
now an aggregate of 9,520,687 common shares of the capital of the Issuer,
representing approximately 19.4999% of the issued and outstanding common
shares of the Issuer. The Purchased Shares were purchased through the
facilities of the New York Stock Exchange at an average price of US$92.2996
per common share.
As a result of this acquisition and pursuant to applicable Canadian securities
laws, each of Chandler Holdings Limited ("CHL"), CHL's sole shareholder,
Chandler Corporation ("CC"), CC's sole shareholder, Athena Holdings Limited
(in its capacity as trustee of the Chandler Group Trust, a discretionary
trust) and CHL's direct wholly-owned subsidiary, Chandler Capital Pte. Limited
("CCPL") (which owns all of the shares of Orchid), is deemed to beneficially
own the Purchased Shares. CHL exercises control and direction over the
Purchased Shares.
The Purchased Shares were acquired in the ordinary course of business. Orchid,
CCPL, CHL, CC and Athena Holdings Limited (in its capacity as trustee of the
Chandler Group Trust, a discretionary trust) may, from time to time and at
any time, subject to applicable securities laws, acquire additional common
shares of the Issuer and/or other equity, debt or other securities or
instruments (collectively, "Securities") of the Issuer in the open market or
otherwise may dispose of any or all of its Securities in the open market or
otherwise, at any time and from time to time, and to engage in any hedging or
similar transactions with respect to the Securities, in each case subject to
applicable securities laws.
About the Chandler Corporation
The Chandler Corporation is an international investment group founded by New
Zealand entrepreneur Richard Chandler. Since 1986 the Chandler Corporation has
invested globally in public and private equity across a range of industry
sectors, including financial services, energy, consumer, and healthcare. The
Chandler Corporation distinguishes itself through its understanding of market
cycles, value, and risk, bringing a long-term perspective to all of its
investments. The Chandler Corporation also places a special emphasis on
supporting corporate governance and responsible investment as crucial elements
of business sustainability and increasing stakeholder value.
SOURCE Chandler Corporation
A copy of the report prepared in connection with the matters disclosed herein
in accordance with applicable Canadian securities laws will be available
at www.sedar.com.
For more information, please visit: www.chandlergroup.com
For media enquiries please contact: Yuan See Lim Partner, Newgate
Communications Email: yuansee.lim@newgatecomms.com.sg Tel: +65 6532 0606
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CO: Chandler Corporation
ST: Quebec
NI: 2523 FIN