Pre-bid Acceptance Deeds re Offer for XCD Energy

RNS Number : 1242L

88 Energy Limited

28 April 2020

 

28^th April 2020

88 ENERGY LIMITED

 

Pre-bid Acceptance Deeds

Off-market Takeover Bid for XCD Energy Limited

On 27 April 2020, 88 Energy Limited (ASX: 88E; AIM: 88E) ("88 Energy") announced its intention to make an off-market takeover offer (the "Offer") to acquire all of the fully paid ordinary shares and listed options on issue in XCD Energy Limited (ASX: XCD) ("XCD Energy"), an oil exploration and appraisal company in the USA with a 100% working interest in 195,373 acres in the highly prospective Alaskan North Slope.

Further to the announcement of the Offer, the Company confirms that it has entered into pre-bid acceptance deeds with certain shareholders of XCD Energy with respect to 129,416,142 shares held by those XCD Energy shareholders, representing 18.50 per cent. of the total voting rights of XCD Energy.

Further information is set out in Form 603 (Notice of initial substantial shareholder) and Annexure A, which can be viewed at the link below:

http://www.rns-pdf.londonstockexchange.com/rns/1242L_1-2020-4-28.pdf

Media and Investor Relations:

88 Energy Ltd

Dave Wall, Managing Director  Tel: [phone]

  Email: [e-mail]

Finlay Thomson , Investor Relations   Tel: [phone]

Longreach Capital (Advisor to 88E in relation to the Proposed Offers)

Darren Martin   Tel: [phone]

Hartleys Ltd

Dale Bryan  Tel: + 61 8 9268 2829

Cenkos Securities Cenkos Securities  Tel: + 44 131 220 6939

  Neil McDonald/Derrick Lee

 

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