Last checked at 5 Oct 2018 11:23
5th October 2018
88 Energy Limited
Rights Issue Timetable - Clarification
88 Energy Limited (ASX: 88E) ("88 Energy" or the "Company") wishes to advise shareholders of an amendment to the Rights Issue Timetable notified by the Company on 3rd October 2018 and set out in the Offer Document dated 5th October 2018.
Trading commences ex-entitlement on ASX on 9 October 2018, not 10 October 2018. Please refer to below revised timetable.
Indicative Timetable
The proposed timetable for the Offer is set out below. The dates are indicative only and the Company reserves the right to vary the dates, including the right to extend the closing date.
Announcement of the Open Offer | 3 October 2018 |
Appendix 3B, circular (Offer Document) and notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth) lodged with the ASX | Before 8am on 5 October 2018 |
Notice to Securityholders
| 8 October 2018 |
Expected ex-entitlement date for the Open Offer | 8.00 a.m. (London Time) on 9 October 2018 |
Trading commences Ex-entitlement on ASX | 9 October 2018 |
Record Date for the Open Offer | 7.00 p.m. (AEDT) in respect of Qualifying Ordinary Shareholders and 6.00 p.m. (London time) in respect of Qualifying Depositary Interest Holders on 10 October 2018 |
Publication and despatch of this document and Application Forms | 12 October 2018 |
Open Offer Entitlements and CREST Excess Entitlements credited to CREST stock accounts of Qualifying Depositary Interest Holders | as soon as practicable after 8.00 a.m. (London time) on 12 October 2018 |
Recommended latest time for requesting withdrawal of Open Offer Entitlements and CREST Excess Entitlements from CREST | 4.30 p.m. (London time) on 19 October 2018
|
Latest time for depositing Open Offer Entitlements and CREST Excess Entitlements into CREST | 3.00 p.m. (London time) on 22 October 2018
|
Last date to extend | 22 October 2018 |
Latest time for splitting
Closing date - Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions in respect of Depositary Interests (as appropriate) | 11.00 a.m. (London time) on 24 October
11.00 a.m. (London time) on 26 October 2018 5pm (WST) on 26 October 2018 |
Securities quoted on a deferred settlement basis | 29 October 2018 |
Expected date of announcement of the results of the Open Offer | afternoon of 29 October 2018 |
Issue date of the Open Offer Shares and CHESS member accounts credited with Open Offer Shares (as applicable) | Before 9am (WST) on 31 October 2018 |
Admission and dealings in the Open Offer Shares to AIM | 8.00 a.m. (London time) on 31 October 2018 1p.m. (WST) on 31 October 2018
|
CREST member accounts expected to be credited with the Open Offer Shares in Depositary Interest form | as soon as practicable on 31 October 2018
|
Quotation of Open Offer Shares on ASX | 1 November 2018 |
Media and Investor Relations:
88 Energy Ltd
Dave Wall, Managing Director Tel: +61 8 9485 0990
Email: admin@88energy.com
Finlay Thomson, Investor Relations Tel: +44 7976 248471
Hartleys Ltd
Dale Bryan Tel: + 61 8 9268 2829
Cenkos Securities Tel: + 44 131 220 6939
Neil McDonald/Derrick Lee