Acacia Coal : Update - Consolidation/Split - AJC

Notification of Consolidation/Split

Announcement Summary

Entity name

ACACIA COAL LIMITED

Applicable security for the reorganisation

AJC	ORDINARY FULLY PAID
AJCAI	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

Update to previous announcement

Date of this announcement

Monday October 26, 2020

Reason for the Update

Updated timetable for consolidation following shareholder approval being received.

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

ACACIA COAL LIMITED

1.2	Registered Number Type	Registration Number
ABN	13009092068
1.3	ASX issuer code
AJC

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Updated timetable for consolidation following shareholder approval being received.

1.4b Date of previous announcement(s) to this update

Monday September 21, 2020

1.5 Date of this announcement

Monday October 26, 2020

1.6 Securities affected by the consolidation or split

ASX +Security Code	ASX +Security Description
AJC	ORDINARY FULLY PAID
AJCAI	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

Notification of Consolidation/Split

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Notification of Consolidation/Split

2.1 Are any of the below approvals required for the consolidation or split 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 consolidation or split.

Yes

2.2 Approvals

Approval/Condition	Date for determination	Is the date estimated or
+Security holder approval	Monday October 26, 2020	actual?
Actual

Approval received/condition met?

Yes

Comments

Shareholders approved the consolidation at a general meeting on 26 October 2020.

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Friday October 30, 2020

3.2 Date of +security holder meeting

Monday October 26, 2020

3.2a Effective date of consolidation or split

Tuesday October 27, 2020

3.3 Last day for trading in the pre consolidation or split +securities

Wednesday October 28, 2020

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Thursday October 29, 2020

3.5 Record date

Friday October 30, 2020

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Monday November 2, 2020

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

Friday November 6, 2020

3.8 Trading starts on a normal T+2 basis

Monday November 9, 2020

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Notification of Consolidation/Split

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Wednesday November 11, 2020

Part 4 - Event type and details

4.1 The event is

+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

200

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded down to the nearest whole number or fractions disregarded

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split
ASX +Security Code	ASX +Security Description
AJC	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	4,067,651,670	20,338,258
ASX +Security Code	ASX +Security Description
AJCAI	OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Actual
	312,500,000	1,562,500
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description

AJCAI

Quoted/unquoted

Unquoted

OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Exercise price pre consolidation or	Exercise price post consolidation or
split	split

AUD 0.00000000	AUD 0.00000000
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