Lochard Energy Group PLC Letter to CDI Holders (6832Z)

TIDMLHD

RNS Number : 6832Z

Lochard Energy Group PLC

11 March 2013

ASX Limited

Level 8, Exchange Plaza

2 The Esplanade

PERTH WA 6000

LETTER TO CDI HOLDERS

Lochard Energy Group Plc ("Lochard" or the "Company") (AIM: LHD, ASX: LHD) advises that the attached letter has been despatched today to all CDI holders regarding the delisting process on ASX.

For further information, call:

 
 finnCap Limited 
  Matthew Robinson / Christopher Raggett      +44 20 7220 0500

11 March 2013

Dear Lochard Energy CDI holder,

This is an important letter concerning your CDI Holding in Lochard Energy Group Plc.

On the 14 January 2013 Lochard Energy Group Plc "Lochard" ASX:LHD announced it had applied to the Australian Securities Exchange Ltd ("ASX") under Listing Rule 17.11 for the Company to be removed from the ASX official list. On 22 February 2013 Lochard announced that a letter had been despatched to all CDI holders informing them of the Company's intention to be removed from the official list of ASX, and notifying them of the availability of a facility through which they may sell their shares on the Alternative Investment Market of the London Stock Exchange ("AIM").

In these releases the Company indicated in error that the date of the Company's removal from the official list of ASX was to be 15 April 2013, three months from the date of the first announcement. It has been brought to the attention of the Company that the date of removal from the official list of ASX will actually be 22 May 2013, three months from the date of the letter despatched to CDI holders.

Following delisting on 22 May 2013, Australian CDI Holders will have their electronic holdings on the ASX register converted to certificated holdings. This process will occur automatically and no action will be required. Australian CDI Holders will then be issued with a share certificate representing their holding.

As previously advised, to assist Australian Shareholders with their future transactions of Lochard shares on AIM, following Lochard's removal from the ASX official list, Lochard has entered into an agreement with Cunningham Petersen Sharbanee Securities Pty Ltd ("CPS Securities"), which has agreed to facilitate the electronic transfer and thereafter trading in Lochard on AIM and lodging Certificated Holdings in the future.

Under the terms of the facility, CPS Securities will assist Australian CDI Holders in transferring their holdings to AIM electronically prior to delisting on 22 May 2013 where liquidity is higher. Alternatively, post de-listing, CDI Holders can contact CPS Securities to facilitate lodging Share Certificates with CREST to enable trading on AIM.

Below is an updated indicative timetable for the De-Listing process.

 
 Timeframe              Action 
---------------------  ----------------------------------------------------------------- 
 Prior to 21 May 2013 
                               *    CDI Holders can continue to trade LHD on the ASX. 
 
 
                               *    CDI Holders can contact CPS Securities to initiate 
                                    transfer of shares to AIM 
 
 
                               *    CDI Holders take no action and hold LHD on the 
                                    Australian register. 
---------------------  ----------------------------------------------------------------- 
     22 May 2013 
                               *    Last day of trading on ASX for LHD and De-Listing 
---------------------  ----------------------------------------------------------------- 
     23 May 2013 
                               *    Australian CDI Holders are converted to shares on an 
                                    unlisted Australian branch share register. 
 
 
                               *    Share certificates will be sent to these holders 
                                    accompanied by an explanatory letter detailing the 
                                    sale facility. 
---------------------  ----------------------------------------------------------------- 
  23 May - 22August 
         2013                  *    CPS Securities will establish a sale facility to 
                                    allow LHD unlisted shareholders to remove their 
                                    unlisted shareholding from the Australian Register 
                                    and to be placed into CREST in the name of CPS 
                                    Securities counterparty in the UK who will complete 
                                    the sale on AIM. 
---------------------  -----------------------------------------------------------------

For further information and assistance regarding the ASX De-Listing process CDI Holders should contact Mr Keith Della-Vedova at CPS Securities on + 61 8 9223 2205 or Keith@cpssecurities.com.au.

Yours Sincerely,

Nerida Schmidt

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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