REG - 88 Energy Limited - Completion of Small Holding Share Sale Facility

88 EnergyAnnouncement

10/03/2026 07:00

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RNS Number : 9171V  88 Energy Limited  10 March 2026

10 March 2026

88 Energy Limited

Completion of Small Holding Share Sale Facility

88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is
pleased to announce the completion of the sale of shares by the Company's
broker, Euroz Hartleys Limited, pursuant to the Small Holding Sale Facility
(Facility) announced on 16 June 2025.

The Facility gave shareholders with a Less than Marketable Parcel of shares
(less than $500 value) the opportunity to sell their shares without incurring
brokerage or handling costs.

Following the close of the Facility on 30 July 2025, a total of 46,139,641
ordinary shares (Share Facility Shares) held by 6,049 shareholders, have now
been sold. The proceeds from the sale process will be apportioned pro rata
amongst all participating shareholders according to the number of shares sold
on their behalf, which is expected on or around 20 March 2026.

Sale proceeds will be paid in Australian dollars either by electronic transfer
into the shareholders bank account with any Australian "Authorised
Deposit-taking Institution" (using previously provided banking details to the
Company's share registry) or alternatively by cheque to the shareholders
registered address, as soon as practicable. If the Shareholder's registered
address is in New Zealand, sale proceeds can be paid in Australian dollars or
New Zealand dollars by direct credit only and sale proceeds will be withheld
until bank account details have been provided. Eligible shareholders who
reside outside of Australia and New Zealand may elect to receive the proceeds
electronically in their local currency using the share registry's Global Wire
Payment Service. For a list of currencies offered and how to subscribe to the
service, shareholders should contact Computershare on 1300 850 505 (within
Australia) + 61 3 9415 4000 (outside Australia). A transaction confirmation
statement will be sent confirming the number of shares sold, the price and
total sale proceeds. All sale proceeds will be rounded to the nearest cent.

If you have any questions in relation to the above, please contact
Computershare on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside
Australia).

 

The reduction of the Company's shareholder base by 6,049 shareholders as a
result of the Facility will reduce the Company's administrative and corporate
costs moving forward.

 

This announcement has been authorised by the Board.

 

Media and Investor Relations:

 

 88 Energy Ltd

 Ashley Gilbert, Managing Director

 Email: investor-relations@88energy.com

 Fivemark Partners, Investor and Media Relations
 Michael Vaughan                                                                          Tel: +61 (0)422 602 720

 Euroz Hartleys Ltd
 Chelsey Kidner                                                                           Tel: +61 (0)8 9488 1421

 Cavendish Capital Markets Limited
 Derrick Lee / Pearl Kellie                                                               Tel: +44 (0)131 220 6939

 Hannam & Partners

 Leif Powis / Neil                                                                        Tel: +44 (0) 207 907 8500
 Passmore

 

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