@maka you seem intelligent. please help interpret the following Offer clause by Rubis..
3. Current Shareholding by Rubis Énergie in KenolKobil
On 23rd October 2018, Rubis Énergie has acquired 367,793,124 ordinary shares of KES 0.05 each representing twenty four decimal nine nine per cent (24.99%) of KenolKobil’s issued and listed share capital, via a transaction concluded on the NSE prevailing at a market price of KES 15.30 per Share (“Market Price”) and in accordance with the NSE’s trading rules (the “Block Trade”).
Pursuant to an agreement dated 23rd October 2018 between Rubis Énergie and Wells Petroleum Limited (“Wells”), Rubis Énergie agreed that if it were to
make a take-over offer for the shares before 22nd October 2019, then on the successful conclusion of such Take-Over Offer, it will pay to Wells, an amount
equal to the difference between the offer price per Share ultimately paid by Rubis Énergie to other shareholders of KenolKobil pursuant to the Offer and the
Market Price paid to Wells by Rubis Énergie as set out above for every share that Rubis Énergie purchased from Wells pursuant to the Block Trade.
KQ ABP 4.26