REG - 88 Energy Limited - A$11m Placement - Cleansing Notice and Appendix 3B <Origin Href="QuoteRef">88E.AX</Origin> - Part 2

88 EnergyAnnouncement

27/10/2016 07:10

- Part 2: For the preceding part double click  ID:nRSa5977Na 

                                                                                                                                                                                                                                 
 Subtract the number of fully paid +ordinary securities cancelled during that 12 month period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                5,500,000540,000                                                                                                                                                                                                                                                
 "A"                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         3,894,180,418                                                                                                                                                                                                                                                   
 
 
 Step 2: Calculate 15% of "A"                                                                                                                                                                                                                                    
 "B"                                                                                                                                                                                                                                                             0.15[Note: this value cannot be changed]                                                                                                                                                            
 Multiply "A" by 0.15                                                                                                                                                                                                                                            584,127,063                                                                                                                                                                                         
 Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used                                                                                                                                                               
 Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:•    Under an exception in rule 7.2•    Under rule 7.1A•    With security holder approval under rule 7.1 or rule 7.4Note:•    This applies  275,000,000 Ordinary Shares issued 25 October 2016137,500,000 Unlisted Options issued 25 October 2016 ($0.055; 5 year term)22,000,000 Unlisted Options issued 25 October 2016 ($0.05; 5 year term)  
 to equity securities, unless specifically excluded - not just ordinary securities•    Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed•    It may be useful to set out issues of securities on different                                                                                                                                                                                                     
 dates as separate line items                                                                                                                                                                                                                                                                                                                                                                                                                                        
 "C"                                                                                                                                                                                                                                                             434,500,000                                                                                                                                                                                         
 Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1                                                                                                                                                                  
 "A" x 0.15Note: number must be same as shown in Step 2                                                                                                                                                                                                          584,127,063                                                                                                                                                                                         
 Subtract "C"Note: number must be same as shown in Step 3                                                                                                                                                                                                        434,500,000                                                                                                                                                                                         
 Total ["A" x 0.15] - "C"                                                                                                                                                                                                                                        149,627,063 [Note: this is the remaining placement capacity under rule 7.1]                                                                                                                         
 
 
Part 2 
 
 Rule 7.1A - Additional placement capacity for eligible entities                                                                                                                                                                                                 
 Step 1: Calculate "A", the base figure from which the placement capacity is calculated                                                                                                                                                                          
 "A"Note: number must be same as shown in Step 1 of Part 1                                                                                                                                                                                                       3,894,180,418                           
 Step 2: Calculate 10% of "A"                                                                                                                                                                                                                                    
 "D"                                                                                                                                                                                                                                                             0.10Note: this value cannot be changed  
 Multiply "A" by 0.10                                                                                                                                                                                                                                            389,418,042                             
 Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used                                                                                                                                                              
 Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1ANotes:•    This applies to equity securities - not just ordinary securities•    Include here - if applicable - the securities the subject of the       -                                       
 Appendix 3B to which this form is annexed•    Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained•    It may be useful to set out issues of securities                                         
 on different dates as separate line items                                                                                                                                                                                                                                                               
 "E"                                                                                                                                                                                                                                                             -                                       
 
 
 Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A  
 "A" x 0.10Note: number must be same as shown in Step 2                                           389,418,042                                                                 
 Subtract "E"Note: number must be same as shown in Step 3                                         -                                                                           
 Total ["A" x 0.10] - "E"                                                                         389,418,042 Note: this is the remaining placement capacity under rule 7.1A  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange