Notification of Consolidation/Split

Notification of Consolidation/Split

Announcement Summary

Entity name

CARBON ENERGY LIMITED

Applicable security for the reorganisation

CNX ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Friday July 14, 2017

Reason for the Update

Issue date has been brought forward.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

  1. *Name of +Entity

    CARBON ENERGY LIMITED

  2. *Registered Number Type

    ABN

    56057552137

    Registration Number

  3. *ASX issuer code

    CNX

  4. *The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Issue date has been brought forward.

  1. b * Date of previous announcement(s) to this update

    Friday June 16, 2017

  2. *Date of this announcement

    Friday July 14, 2017

  3. *Securities affected by the reorganisation

Notification of Consolidation/Split

CNX

ORDINARY FULLY PAID

Part 2 - Approvals

  1. *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

    Security holder approval Court approval

    Lodgement of court order with +ASIC ACCC approval

    FIRB approval

    Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

    Yes

  2. Approvals

Approval/Condition

+Security holder approval

Date for determination

Tuesday July 18,

2017

Is the date estimated or actual?

Estimated

**Approval received/condition met?

[Select...]

Comments

Security holder approval of the share consolidation resolution (resolution 8) is conditional upon the approval of resolution 7 and 9 contained in the Notice of Meeting. Refer to Notice of Meeting lodged on 15 June 2017.

Part 3 - Reorganisation timetable and details

  1. *+Record date

    Friday July 21, 2017

  2. Date of +security holder meeting

    Tuesday July 18, 2017

  3. Last day for trading in the pre-re-organised +securities

    Wednesday July 19, 2017

  4. *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no

    +deferred settlement trading however ASX still captures this date.

    Thursday July 20, 2017

  5. Record date

    Friday July 21, 2017

  6. First day for +entity to send notices to +security holders of the change in the number of

    +securities they hold. First day for +entity to register +securities on a post-reorganised basis

    Monday July 24, 2017

    Notification of Consolidation/Split

  7. *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

    +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

    Monday July 24, 2017

  8. Trading starts on a normal T+2 basis

    Tuesday July 25, 2017

  9. First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Thursday July 27, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

  1. a *Consolidation ratio: the +securities will be consolidated on the basis that every

    100

    (pre-consolidation) +securities will be consolidated into

    1

    (post-consolidation) +security (/ies).

  2. *Scrip fraction rounding

Fractions of 0.5 or more rounded up

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

*ASX +Security Code

CNX

*ASX +Security Description ORDINARY FULLY

PAID

Quoted/unquoted

Quoted

Number on issue before reorganisation 1,813,428,879

Number on issue after reorganisation 18,134,289

Estimate/Actual

Estimated

Part 6 - Further information

  1. Further information relating to the reorganisation

  2. Additional information for inclusion in the Announcement Summary

Carbon Energy Limited published this content on 14 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 July 2017 06:44:05 UTC.

Original documenthttp://www.carbonenergy.com.au/irm/PDF/2540_0/UpdateConsolidationSplitCNX

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