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Temporary Suspension of Trading

8th May 2025 16:42

RNS Number : 9530H
88 Energy Limited
08 May 2025
 

8 May 2025

88 Energy Limited

 

Temporary Suspension of Trading

 

 

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) ("88 Energy" or the "Company") provides an update on the consolidation of the issued share capital of the Company on a 25:1 basis (the "Consolidation"), which was approved by shareholders at the Company's AGM on 6 May 2025 and is scheduled to proceed in accordance with the timetable set out below.

 

In conjunction with the Consolidation, trading in the Company's depositary interests ("DIs") on AIM will be temporarily suspended at 7:30 a.m. on 12 May 2025, with trading expected to resume in the consolidated DIs at 7.30 a.m. on 13 May 2025.

 

 

Action

Date

Company announces Consolidation (using an Appendix 3A.3 on ASX).

04-Apr-25

Company sends out the Notice of Meeting.

04-Apr-25

Shareholders pass Resolution 5 to approve the Consolidation.

06-May-25

Company announces Effective Date of Consolidation.

06-May-25

Effective Date of Consolidation.

06-May-25

Last day for pre-Consolidation trading.

07-May-25

Last day to reposition securities between the share and DI registers on a pre-Consolidation basis

07-May-25

Post-Consolidation trading commences on a deferred settlement basis.

08-May-25

ISIN disabled in CREST for DIs

09-May-25

Record Date.

09-May-25

Last day for the Company to register transfers on a pre-Consolidation basis.

09-May-25

Suspension of Admission to Trading on AIM (7.30am)

12-May-25

First day for the Company to update its register and send holding statements to security holders reflecting the change in the number of Securities they hold.

12-May-25

CRSDN transactions keyed against all CREST holders - Euroclear to reduce positions

12-May-25

Ex-Date and Restoration of Dealings in the DIs, now representing Consolidated Shares, on AIM on Existing ISIN

13-May-25

CREST Accounts Credited with DIs now representing revised number of Consolidated Shares

13-May-25

Last day for the Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold and to notify ASX that this has occurred.

16-May-25

 

Further information on the Consolidation is set out in the Notice of AGM.

 

 

Media and Investor Relations:

 

88 Energy Ltd

Ashley Gilbert, Managing Director

Tel: +61 8 9485 0990

Email:[email protected]

Fivemark Partners, Investor and Media Relations

Michael Vaughan

Tel: +61 422 602 720

EurozHartleys Ltd

Dale Bryan

Tel: + 61 8 9268 2829

Cavendish Capital Markets Limited

Tel: +44 (0)20 7397 8900

Derrick Lee 

Tel: +44 (0)131 220 6939

Pearl Kellie

Tel: +44 (0)131 220 9775

 

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END
 
 
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