Off-market Takeover Bid by Melbana Energy Limited for Metgasco Limited – Extension of Offer Period

Source Press Release
Company Melbana Energy LimitedMetgasco Ltd 
Tags Corporate Deals, Deals, Upstream Activities
Date October 24, 2019

Melbana Energy Limited ACN 066 447 952 (Melbana Energy) gives notice in accordance with section 650D of the Corporations Act 2001 (Cth) (Corporations Act) that it varies the offers contained in the bidder's statement dated 3 October 2019 (Bidder's Statement) in respect of an off-market takeover bid by made by Melbana Energy for all of the ordinary shares in Metgasco Limited (Metgasco) by extending the Offer Period (as defined in the Bidder's Statement) so that the Offer Period now ends at 7.00pm (Sydney time) on 15 November 2019 (unless further extended or withdrawn).

Melbana Energy also gives notice in accordance with section 630(2)(b) of the Corporations Act that, as a result of the extension of the Offer Period, the new date for giving notice of the status of the conditions to which the offers contained in the Bidder's Statement are subject is 7 November 2019.

As at the date of this notice:

(a) the condition set out in section 9.8.2 of the Bidder's Statement has been fulfilled and accordingly the offers are free from that condition;

(b) the offers have not been freed from any of the other conditions contained in section 9.8 of the Bidder's Statement and accordingly the offers remains subject to those conditions; and

(c) Melbana Energy’s voting power in Metgasco is 20.65%. This notice has been approved by a resolution of the directors of Melbana Energy

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