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88 Energy Limited announced a temporary suspension of trading in its depositary interests (DIs) on AIM. This action is linked to a 25:1 share capital consolidation, which shareholders approved at the Company's AGM on 6 May 2025. Trading in DIs on AIM will be suspended at 7:30 a.m. on 12 May 2025, with a scheduled resumption at 7:30 a.m. on 13 May 2025.
| Date | 8 May 2025 |
| Time | 16:42:52 |
| Category | Miscellaneous |
| ID | 9530H |
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.
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Action |
Date |
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Company announces Consolidation (using an Appendix 3A.3 on ASX). |
04-Apr-25 |
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Company sends out the Notice of Meeting. |
04-Apr-25 |
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Shareholders pass Resolution 5 to approve the Consolidation. |
06-May-25 |
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Company announces Effective Date of Consolidation. |
06-May-25 |
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Effective Date of Consolidation. |
06-May-25 |
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Last day for pre-Consolidation trading. |
07-May-25 |
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Last day to reposition securities between the share and DI registers on a pre-Consolidation basis |
07-May-25 |
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Post-Consolidation trading commences on a deferred settlement basis. |
08-May-25 |
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ISIN disabled in CREST for DIs |
09-May-25 |
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Record Date. |
09-May-25 |
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Last day for the Company to register transfers on a pre-Consolidation basis. |
09-May-25 |
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Suspension of Admission to Trading on AIM (7.30am) |
12-May-25 |
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First day for the Company to update its register and send holding statements to security holders reflecting the change in the number of Securities they hold. |
12-May-25 |
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CRSDN transactions keyed against all CREST holders - Euroclear to reduce positions |
12-May-25 |
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Ex-Date and Restoration of Dealings in the DIs, now representing Consolidated Shares, on AIM on Existing ISIN |
13-May-25 |
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CREST Accounts Credited with DIs now representing revised number of Consolidated Shares |
13-May-25 |
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Last day for the Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold and to notify ASX that this has occurred. |
16-May-25 |
Further information on the Consolidation is set out in the Notice of AGM.
Media and Investor Relations:
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88 Energy Ltd Ashley Gilbert, Managing Director |
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Tel: +61 8 9485 0990 Email:investor-relations@88energy.com |
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Fivemark Partners, Investor and Media Relations |
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Michael Vaughan |
Tel: +61 422 602 720 |
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EurozHartleys Ltd |
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Dale Bryan |
Tel: + 61 8 9268 2829 |
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Cavendish Capital Markets Limited |
Tel: +44 (0)20 7397 8900 |
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Derrick Lee |
Tel: +44 (0)131 220 6939 |
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Pearl Kellie |
Tel: +44 (0)131 220 9775 |