88 Energy Limited Pre-bid Acceptance Deeds re Offer for XCD Energy (1242L)
28 Aprile 2020 - 8:00AM
UK Regulatory
TIDM88E
RNS Number : 1242L
88 Energy Limited
28 April 2020
28(th) 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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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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