PROTEAN WAVE ENERGY Notification of Consolidation/Split
Notification of Consolidation/Split
Announcement Summary
Entity name
PROTEAN ENERGY LIMITED
Applicable security for the reorganisation
POW ORDINARY FULLY PAID
Announcement Type
New Announcement
Date of this announcement
Tuesday March 14, 2017
Reorganisation type
Security consolidation
Effective Date
Thursday April 20, 2017
Record Date
Friday April 21, 2017
Issue Date
Monday May 1, 2017
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
*Name of +Entity
PROTEAN ENERGY LIMITED
*Registered Number Type
ACN
119267391
Registration Number
*ASX issuer code
POW
*The announcement is
New announcement
*Date of this announcement
Tuesday March 14, 2017
*Securities affected by the reorganisation
Notification of Consolidation/Split
POW | 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 April 18, 2017 | Is the date estimated or actual? Actual | **Approval received/condition met? [Select...] |
Comments | |||
Part 3 - Reorganisation timetable and details
*+Record date
Friday April 21, 2017
Date of +security holder meeting
Tuesday April 18, 2017
Last day for trading in the pre-re-organised +securities
Wednesday April 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 April 20, 2017
Record date
Friday April 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 April 24, 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 May 1, 2017
Notification of Consolidation/Split
Trading starts on a normal T+2 basis
Tuesday May 2, 2017
First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Thursday May 4, 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
30
(pre-consolidation) +securities will be consolidated into
1
(post-consolidation) +security (/ies).
*Scrip fraction rounding
Fractions rounded down to the nearest whole number or fractions disregarded
Part 5 - +Securities on issue before and after reorganisation
5.1 *+Securities on issue before and after the reorganisation
*ASX +Security Code POW | *ASX +Security Description ORDINARY FULLY PAID | ||
Quoted/unquoted Quoted | Number on issue before reorganisation 1,343,744,882 | Number on issue after reorganisation 44,791,496 | Estimate/Actual Estimated |
Part 6 - Further information
Further information relating to the reorganisation
Additional information for inclusion in the Announcement Summary
Protean Energy Ltd. published this content on 14 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 March 2017 08:13:22 UTC.
Original documenthttp://www.proteanwaveenergy.com/wp-content/uploads/2017/03/1655122.pdf
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