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88 Energy Limited - Rights Issue Timetable - Clarification

RNS Number : 1475D
88 Energy Limited
05 October 2018

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: [email protected] 


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


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Quick facts: 88 Energy Ltd

Price: 0.34

Market: AIM
Market Cap: £30.38 m

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