Rights Issue Timetable - Clarification

RNS Number : 1475D

88 Energy Limited

05 October 2018

 

5^th 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 3^rd October 2018 and set out in the Offer Document dated 5^th 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: [phone]

Email: [e-mail] 

Finlay Thomson, Investor Relations                                         Tel: [phone]

Hartleys Ltd

Dale Bryan                                                                                  Tel: + 61 8 9268 2829

Cenkos Securities                                                                   Tel: + 44 131 220 6939

Neil McDonald/Derrick Lee

 

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