REG - 88 Energy Limited - Temporary Suspension of Trading

88 EnergyAnnouncement

08/05/2025 17:45

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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       07-May-25
 pre-Consolidation basis
 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    12-May-25
 to security holders reflecting the change in the number of Securities they
 hold.
 CRSDN transactions keyed against all CREST holders - Euroclear to reduce        12-May-25
 positions
 Ex-Date and Restoration of Dealings in the DIs, now representing Consolidated   13-May-25
 Shares, on AIM on Existing ISIN
 CREST Accounts Credited with DIs now representing revised number of             13-May-25
 Consolidated Shares
 Last day for the Company to update its register and to send holding statements  16-May-25
 to security holders reflecting the change in the number of Securities they
 hold and to notify ASX that this has occurred.

 

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:investor-relations@88energy.com

 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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