REG - 88 Energy Limited - Pre-bid Acceptance Deeds re Offer for XCD Energy

88 EnergyAnnouncement

28/04/2020 07:06

RNS Number : 1242L
  
88 Energy Limited
  
28 April 2020
  
 

28th April 2020
 
 
88 ENERGY LIMITED
 
Pre-bid Acceptance Deeds
Off-market Takeover Bid for XCD Energy Limited
 
On 27 April 2020, 88 Energy Limited (ASX: 88E; AIM: 88E) ("88 Energy") announced its intention to make an off-market takeover offer (the "Offer") to acquire all of the fully paid ordinary shares and listed options on issue in XCD Energy Limited (ASX: XCD) ("XCD Energy"), an oil exploration and appraisal company in the USA with a 100% working interest in 195,373 acres in the highly prospective Alaskan North Slope.
 
Further to the announcement of the Offer, the Company confirms that it has entered into pre-bid acceptance deeds with certain shareholders of XCD Energy with respect to 129,416,142 shares held by those XCD Energy shareholders, representing 18.50 per cent. of the total voting rights of XCD Energy.
 
Further information is set out in Form 603 (Notice of initial substantial shareholder) and Annexure A, which can be viewed at the link below:
 
http://www.rns-pdf.londonstockexchange.com/rns/1242L_1-2020-4-28.pdf
 
 
Media and Investor Relations:
 
88 Energy Ltd
Dave Wall, Managing Director                                                                             Tel: +61 8 9485 0990
                                                                                                                                    Email: admin@88energy.com
 
Finlay Thomson, Investor Relations                                                                     Tel: +44 7976 248471
 
Longreach Capital (Advisor to 88E in relation to the Proposed Offers)
Darren Martin                                                                                                           Tel: +61 412 144 719
 
Hartleys Ltd
Dale Bryan                                                                                                                 Tel: + 61 8 9268 2829
 
Cenkos Securities                                                                                        Cenkos Securities                                                                                                     Tel: + 44 131 220 6939 
                                                                                                                        Neil McDonald/Derrick Lee
 


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