OTTO ENERGY LIMITED Notification of Consolidation/Split
Announcement Summary
Entity name
OTTO ENERGY LIMITED
Applicable security for the reorganisation
OEL | ORDINARY FULLY PAID |
OELAQ | PERFORMANCE RIGHTS |
OELAR | OPTION EXPIRING 06-NOV-2023 EX 8C |
Announcement Type | |
New Announcement | |
Date of this announcement | |
Friday October 16, 2020 | |
Reorganisation type | |
Security consolidation |
Trading in the post consolidation or split +securities commences on a deferred settlement basis
Monday November 23, 2020
Record Date
Tuesday November 24, 2020
Issue Date
Tuesday December 1, 2020
Refer to below for full details of the announcement
Notification of Consolidation/Split | 1 / 5 |
Notification of Consolidation/Split
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
OTTO ENERGY LIMITED
1.2 | Registered Number Type | Registration Number |
ABN | 56107555046 | |
1.3 | ASX issuer code | |
OEL |
- The announcement is New announcement
- Date of this announcement
Friday October 16, 2020
1.6 Securities affected by the consolidation or split
ASX +Security Code | ASX +Security Description |
OEL | ORDINARY FULLY PAID |
OELAQ | PERFORMANCE RIGHTS |
OELAR | OPTION EXPIRING 06-NOV-2023 EX 8C |
Part 2 - Approvals
Notification of Consolidation/Split | 2 / 5 |
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 |
+Security holder approval | Thursday November 19, |
2020 |
Is the date estimated or | Approval |
actual? | received/condition met? |
Actual |
Comments
Part 3 - Consolidation or split timetable and details
3.1 +Record date
Tuesday November 24, 2020
3.2 Date of +security holder meeting
Thursday November 19, 2020
3.2a Effective date of consolidation or split
Thursday November 19, 2020
3.3 Last day for trading in the pre consolidation or split +securities
Friday November 20, 2020
3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.
Monday November 23, 2020
3.5 Record date
Tuesday November 24, 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.
Wednesday November 25, 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)
Tuesday December 1, 2020
3.8 Trading starts on a normal T+2 basis
Wednesday December 2, 2020
Notification of Consolidation/Split | 3 / 5 |
Notification of Consolidation/Split
3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Friday December 4, 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
50
(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 | ||
OEL | ORDINARY FULLY PAID | ||
Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
Quoted | consolidation or split | consolidation or split | Estimated |
4,795,009,773 | 95,900,195 | ||
ASX +Security Code | ASX +Security Description | ||
OELAQ | PERFORMANCE RIGHTS | ||
Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
Unquoted | consolidation or split | consolidation or split | Estimated |
36,617,000 | 732,340 | ||
ASX +Security Code | ASX +Security Description | ||
OELAR | OPTION EXPIRING 06-NOV-2023 EX 8C | ||
Quoted/unquoted | Number on issue pre | Number on issue post | Estimate/Actual |
Unquoted | consolidation or split | consolidation or split | Estimated |
42,500,000 | 850,000 |
5.2 Exercise price of options
Notification of Consolidation/Split | 4 / 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Otto Energy Limited published this content on 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2020 14:54:02 UTC
