88 Energy Limited Rights Issue Timetable - Clarification (1475D)

TIDM88E

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)             Before 8am on 5 October 2018 
 and notice under section 708AA(2)(f) 
 of the Corporations Act 2001 (Cth) 
 lodged with the ASX 
Notice to Securityholders                                        8 October 2018 
Expected ex-entitlement date for the               8.00 a.m. (London Time) on 9 
 Open Offer                                                        October 2018 
Trading commences Ex-entitlement on                              9 October 2018 
 ASX 
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                       12 October 2018 
 and Application Forms 
Open Offer Entitlements and CREST Excess           as soon as practicable after 
 Entitlements credited to CREST stock             8.00 a.m. (London time) on 12 
 accounts of Qualifying Depositary Interest                        October 2018 
 Holders 
Recommended latest time for requesting            4.30 p.m. (London time) on 19 
 withdrawal of Open Offer Entitlements                             October 2018 
 and CREST Excess Entitlements from 
 CREST 
Latest time for depositing Open Offer             3.00 p.m. (London time) on 22 
 Entitlements and CREST Excess Entitlements                        October 2018 
 into CREST 
Last date to extend                                             22 October 2018 
Latest time for splitting                        11.00 a.m. (London time) on 24 
                                                                        October 
 Closing date - Latest time and date 
 for receipt of completed Application            11.00 a.m. (London time) on 26 
 Forms and payment in full under the                               October 2018 
 Open Offer or settlement of relevant              5pm (WST) on 26 October 2018 
 CREST instructions in respect of Depositary 
 Interests (as appropriate) 
Securities quoted on a deferred settlement                      29 October 2018 
 basis 
Expected date of announcement of the               afternoon of 29 October 2018 
 results of the Open Offer 
Issue date of the Open Offer Shares              Before 9am (WST) on 31 October 
 and CHESS member accounts credited                                        2018 
 with Open Offer Shares (as applicable) 
Admission and dealings in the Open              8.00 a.m. (London time) on 31 
 Offer Shares to AIM                            October 2018 1p.m. (WST) on 31 
                                                         October 2018 
CREST member accounts expected to be               as soon as practicable on 31 
 credited with the Open Offer Shares                               October 2018 
 in Depositary Interest form 
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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October 05, 2018 06:23 ET (10:23 GMT)