Close of Takeover Offer

Source Press Release
Company Melbana Energy LimitedMetgasco Ltd 
Tags Corporate Deals, Deals, Upstream Activities
Date February 05, 2020

Melbana Energy Limited ACN 066 447 952 (Melbana Energy) advises that the offers made under the offmarket takeover bid made by Melbana Energy for all of the ordinary shares in Metgasco Limited (Metgasco) closed at 7.00pm (Sydney time) on Friday, 31 January 2020.

Melbana Energy received acceptances under the offers in respect of 27.81% of the ordinary shares in Metgasco.

Melbana Energy expects that the Melbana Energy shares to be issued to those Metgasco shareholders who accepted the Offer will be issued in accordance with the terms of the Offer on or before 14 February 2020.

This notice has been approved by a resolution of the independent directors of Melbana Energy.

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