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Notice of shortfall for entitlements issue

11th Feb 2015 13:30

RNS Number : 6181E
Wildhorse Energy Limited
11 February 2015
 



11 February 2015

 

AIM/ASX Code: WHE

 

 

NOTICE OF SHORTFALL FOR ENTITLEMENTS ISSUE

 

AIM and ASX listed Wildhorse Energy Limited ('WHE' or 'the Company') advises that the Company has received applications for 19,158,525 Shares at an issue price of A$0.05 each under the five for one renounceable entitlements offer ("Offer").

 

Application will be made for the Shares to be issued under the Offer to be admitted to trading on AIM, which is expected to occur on or around Monday 16 February 2015. Following the issue of these shares, the Company's total issued ordinary share capital will be 34,292,291 Shares.

 

The shortfall for the Offer is 56,510,305 Shares. In accordance with the terms of the Offer, the Directors will exercise their discretion to offer the shortfall securities at the Offer price of A$0.05 either to themselves or to other parties. The Directors may offer any number of shortfall securities up to a maximum of 56,510,305 Shares. In accordance with the ASX Listing Rules, the shortfall securities will be allotted within three (3) months from the closing date of the Offer.

 

For further information please visit www.wildhorse.com.au or contact:

Sam Cordin

Wildhorse Energy Limited

Tel: +61 8 9322 6322

Colin Aaronson/Jen Clarke/Jamie Barklem

Grant Thornton UK LLP

Tel: +44 (0)207 383 5100

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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