Notification of Consolidation/Split
Notification of Consolidation/Split
Announcement Summary
Entity name
CHALLENGER ENERGY LIMITED
Applicable security for the reorganisation
only | CEL | ORDINARY FULLY PAID | |
CELAB | OPTION EXPIRING 30-JUNE-2020 EX 5C | ||
CELAI | PERFORMANCE RIGHT | ||
Announcement Type | |||
use | |||
New Announcement | |||
Date of this announcement | |||
Monday April 1, 2019 | |||
Reorganisation type | |||
Security consolidation | |||
personal | Effective Date | ||
Wednesday May 1, 2019 | |||
Record Date | |||
Thursday May 2, 2019 | |||
Issue Date | |||
Thursday May 9, 2019 | |||
Additional Information | |||
Consolidation of Capital - Ordinary Resolution | |||
"That, subject to and conditional upon the passing of all Essential Resolutions, pursuant to section 254H of the | |||
Corporations Act and for all other purposes, the issued capital of the Company be consolidated on the basis that: | |||
(a) | the existing 389,466,818 Shares are consolidated into 77,893,364 Shares; | ||
(b) | the existing 34,750,000 Options are consolidated on a corresponding ratio; and | ||
For | (c) | the existing 4,000,000 Performance Rights are consolidated on a corresponding ratio, | |
and, where this Consolidation results in a fraction of a Share, an Option, or a Performance Right being held, the | |||
Company be authorised to round that fraction up to the nearest whole Share, Option or Performance Right, as | |||
applicable.¿ | |||
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 *Name of +Entity
CHALLENGER ENERGY LIMITED
Notification of Consolidation/Split | 1 / 5 |
Notification of Consolidation/Split
1.2 *Registered Number Type | Registration Number | ||||||||
45123591382 | |||||||||
ABN | |||||||||
only | 1.3 *ASX issuer code | ||||||||
CEL | |||||||||
1.4 *The announcement is | |||||||||
New announcement | |||||||||
1.5 *Date of this announcement | |||||||||
Monday April 1, 2019 | |||||||||
1.6 *Securities affected by the reorganisation | |||||||||
use | |||||||||
CEL | ORDINARY FULLY PAID | ||||||||
CELAB | OPTION EXPIRING 30-JUNE-2020 EX 5C | ||||||||
CELAI | PERFORMANCE RIGHT | ||||||||
Part 2 - Approvals | |||||||||
personal | 2.1 *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 | |||||||||
2.2 Approvals | |||||||||
Approval/Condition | Date for determination | Is the date estimated | **Approval | ||||||
+Security holder | Monday April 29, | or actual? | received/condition | ||||||
For | approval | 2019 | Actual | met? | |||||
[Select...] | |||||||||
Comments | |||||||||
Part 3 - Reorganisation timetable and details
3.1*+Record date
Thursday May 2, 2019
3.2Date of +security holder meeting
Monday April 29, 2019
Notification of Consolidation/Split | 2 / 5 |
Notification of Consolidation/Split
3.3Last day for trading in the pre-re-organised +securities
Tuesday April 30, 2019
3.4*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.
Wednesday May 1, 2019
3.5Record date
Thursday May 2, 2019
onlyFriday May 3, 2019
3.6 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
3.7 *+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
useregister +securities on a post-reorganised basis Thursday May 9, 2019
3.8 Trading starts on a normal T+2 basis
Friday May 10, 2019
3.9First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Tuesday May 14, 2019
Part 4 - Reorganisation type and details
4.1*The reorganisation is
+Security consolidation
personal | 4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every | ||||||
5 | |||||||
(pre-consolidation) +securities will be consolidated into | |||||||
1 | |||||||
(post-consolidation) +security (/ies). | |||||||
4.2 *Scrip fraction rounding | |||||||
Fractions rounded up to the next whole number | |||||||
Part 5 - +Securities on issue before and after reorganisation | |||||||
For | 5.1 *+Securities on issue before and after the reorganisation | ||||||
*ASX +Security Code | *ASX +Security | ||||||
CEL | Description | ||||||
ORDINARY FULLY | |||||||
PAID | |||||||
Quoted/unquoted | Number on issue | Number on issue after | Estimate/Actual | ||||
Quoted | before reorganisation | reorganisation | Actual | ||||
389,466,818 | 77,893,364 | ||||||
Notification of Consolidation/Split | 3 / 5 |
Notification of Consolidation/Split
*ASX +Security Code | *ASX +Security | |||||||
CELAB | Description | |||||||
OPTION EXPIRING | ||||||||
30-JUNE-2020 EX 5C | ||||||||
only | Quoted/unquoted | Number on issue | Number on issue after | Estimate/Actual | ||||
Unquoted | before reorganisation | reorganisation | Actual | |||||
34,750,000 | 6,950,000 | |||||||
*ASX +Security Code | *ASX +Security | |||||||
CELAI | Description | |||||||
PERFORMANCE | ||||||||
RIGHT | ||||||||
use | Quoted/unquoted | Number on issue | Number on issue after | Estimate/Actual | ||||
Unquoted | before reorganisation | reorganisation | Estimated | |||||
18,500,000 | 800,000 | |||||||
30-JUNE-2020 EX 5C | ||||||||
5.2 *Exercise price of options | ||||||||
*ASX +Security Code | *ASX +Security Description | |||||||
CELAB | OPTION EXPIRING | |||||||
Quoted/unquoted | Exercise price before | Exercise price after | ||||||
Unquoted | reorganisation | reorganisation | ||||||
0.05000000 | 0.25000000 | |||||||
*ASX +Security Code | *ASX +Security Description | |||||||
CELAI | PERFORMANCE RIGHT | |||||||
Quoted/unquoted | Exercise price before | Exercise price after | ||||||
Unquoted | reorganisation | reorganisation | ||||||
0.00000000 | 0.00000000 |
Part 6 - Further information
personal | 6.1 Further information relating to the reorganisation |
Resolution 2 - Consolidation of Capital is an 'Essential Resolution' and each Essential Resolution is conditional on | |
For | each other Essential Resolution |
being approved. | |
Resolutions 1 to 11 and Resolution 14 are Essential Resolutions. | |
Notification of Consolidation/Split | 4 / 5 |
Notification of Consolidation/Split
6.2 Additional information for inclusion in the Announcement Summary
For personal use only
Consolidation of Capital - Ordinary Resolution
"That, subject to and conditional upon the passing of all Essential Resolutions, pursuant to section 254H of the Corporations Act and for all other purposes, the issued capital of the Company be consolidated on the basis that:
(a)the existing 389,466,818 Shares are consolidated into 77,893,364 Shares;
(b)the existing 34,750,000 Options are consolidated on a corresponding ratio; and
(c)the existing 4,000,000 Performance Rights are consolidated on a corresponding ratio,
and, where this Consolidation results in a fraction of a Share, an Option, or a Performance Right being held, the Company be authorised to round that fraction up to the nearest whole Share, Option or Performance Right, as applicable.¿
Notification of Consolidation/Split | 5 / 5 |
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Disclaimer
Challenger Energy Ltd. published this content on 01 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2019 07:16:18 UTC