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
*Name of +Entity
CARBON ENERGY LIMITED
*Registered Number Type
ABN
56057552137
Registration Number
*ASX issuer code
CNX
*The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Issue date has been brought forward.
b * Date of previous announcement(s) to this update
Friday June 16, 2017
*Date of this announcement
Friday July 14, 2017
*Securities affected by the reorganisation
Notification of Consolidation/Split
CNX | ORDINARY FULLY PAID |
Part 2 - Approvals
*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
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
*+Record date
Friday July 21, 2017
Date of +security holder meeting
Tuesday July 18, 2017
Last day for trading in the pre-re-organised +securities
Wednesday July 19, 2017
*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
Record date
Friday July 21, 2017
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
*+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
Trading starts on a normal T+2 basis
Tuesday July 25, 2017
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
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).
*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
Further information relating to the reorganisation
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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