7 February 2014
Xceed Resources Limited (Xceed or Company) is pleased to advise that the orders made by the Federal Court of Australia (Court) approving the scheme of arrangement pursuant to which Keaton Energy Holdings Limited (Keaton) proposes to acquire all of Xceed's issued shares (Scheme) have today been lodged with the Australian Securities and Investments Commission. Consequently, the Scheme is now effective. A copy of the Court Orders is attached to this announcement.
Suspension of tradingXceed shares will be suspended from trading on ASX from the close of trading today.
Indicative TimetableAction | Date |
Record Date (for entitlements to Scheme Consideration) | 14 February 2014 |
Implementation Date (Keaton pays Aggregate Scheme Consideration to Xceed) | 19 February 2014 |
Payment Date (Xceed dispatches payment of the Scheme Consideration to Scheme Participants) | No later than 21 February 2014 |
All dates and times refer to Perth, Western Australia. Any changes to the above
timetable will be announced to ASX and will be available on the Company's website
For and on behalf of the Board of
Ian Culbert
Managing Director
Federai Court of Australia
District Registry: Western Australia
Division: Generai Division
IN THE MATTER OF XCEED RESOURCES LTD ABN 79 009 181 006No. WAD 438 of 2013
..
Xceed Resources Ltd ABN 79 009 181 006Plaintiff
ORDER JUDGE: Justice Gilmour DATE OF ORDER: 6 February 2014 WHEREMADE:Perth
THE COURT ORDERS THAT:. r. •
1. Pursuant to section 411(4)(b) of the Corporations Act 2001 (Cth) (Corporations Act) the scheme of arrangement between the plaintiff and its members, a copy of which is annexed to the second affidavit of Peter Christophér Wall sworn on 13 December 2013, and being part of annexure "PCW-7" at pages 50- 64, is approved.
2. Pursuant to section 411(12) of the Corporations Act , the plaintiff is exempted from compliance with section 411(11) of the Corporations Aet, in relation to the scheme of arrangement referred to in arder 1.
3. The plaintiff is to lodge an office copy of these orders with the Australian Securities and lnvestments Commission on 7 February 2014 or, in any event, as soon as practicable thereafter.
Filed on behalf of
Prepared by
Law firm
Tel
Xceed Resources Ltd (Piaintiff) Cameron Bill
Steinepreis Paganin
(08) 9321 4000
Fax (08) 9321 4333
Ema il C Bill @s teinpa g.c om .a u
Address far service Level4, The Read Buildings, 16 Milligan Street, Perth WA 6000
4. These orders be entered forthwith.
Date that entry is stamped: b February 2014
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