Notification of Consolidation/Split
Announcement Summary
Entity name
PILOT ENERGY LIMITED
Applicable security for the reorganisation
PGY | ORDINARY FULLY PAID |
PGYAM | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
Announcement Type
New Announcement
Date of this announcement
Tuesday June 13, 2017
Reorganisation type
Security consolidation
Effective Date
Friday July 14, 2017
Record Date
Monday July 17, 2017
Issue Date
Monday July 24, 2017
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
*Name of +Entity
PILOT ENERGY LIMITED
*Registered Number Type
ACN
115229984
Registration Number
*ASX issuer code
PGY
*The announcement is
New announcement
*Date of this announcement
Tuesday June 13, 2017
*Securities affected by the reorganisation
PGY | ORDINARY FULLY PAID |
PGYAM | OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES |
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 Wednesday July 12, 2017 | Is the date estimated or actual? Actual | **Approval received/condition met? No |
Comments |
Part 3 - Reorganisation timetable and details
*+Record date
Monday July 17, 2017
Date of +security holder meeting
Wednesday July 12, 2017
Last day for trading in the pre-re-organised +securities
Thursday July 13, 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.
Friday July 14, 2017
Record date
Monday July 17, 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
Tuesday July 18, 2017
*+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
50
(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).
*Scrip fraction rounding
Fractions rounded up to the next whole number
Part 5 - +Securities on issue before and after reorganisation
*+Securities on issue before and after the reorganisation
*ASX +Security Code
PGY
*ASX +Security Description ORDINARY FULLY
PAID
Quoted/unquoted
Quoted
Number on issue before reorganisation 2,938,816,834
Number on issue after reorganisation 58,776,337
Estimate/Actual
Estimated
*ASX +Security Code
PGYAM
*ASX +Security Description OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted
Unquoted
Number on issue before reorganisation 207,500,000
Number on issue after reorganisation 4,150,000
Estimate/Actual
Estimated
*Exercise price of options
*ASX +Security Code PGYAM | *ASX +Security Description OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES | |
Quoted/unquoted Unquoted | Exercise price before reorganisation AUD 0.00000000 | Exercise price after reorganisation AUD 0.00000000 |
Part 6 - Further information
Further information relating to the reorganisation
N/A
Additional information for inclusion in the Announcement Summary
Pilot Energy Limited published this content on 13 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 June 2017 03:04:14 UTC.
Original documenthttps://wcsecure.weblink.com.au/clients/pilotenergy/headline.aspx?headlineid=6823866
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