TIDMTLOU
RNS Number : 6296B
Tlou Energy Ltd
05 June 2023
TLOU ENERGY LIMITED
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN THE UNITED STATES, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE
UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH
JURISDICTIONS.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION
OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW
ORDINARY SHARES OF TLOU ENERGY LIMITED IN ANY JURISIDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL
5 June 2023
Tlou Energy Limited
("Tlou" or "the Company")
Non-Renounceable Entitlement Offer - Extension of Closing
Date
Tlou Energy Limited refers to the market announcement dated 12
May 2023 containing details of the partially underwritten
non-renounceable entitlement offer to existing Eligible
Shareholders to raise up to A$10.65 million (GBP5.86 million; BWP
92.6 million) through the offer of four (4) new fully paid ordinary
shares in the Company for every eleven (11) shares held by Eligible
Shareholders registered at 18 May 2023 at an issue price of A$0.035
per share (GBP0.02, BWP0.30) (Entitlement Offer).
Capitalised terms used in this announcement but not defined have
the meaning given to them in the Prospectus released on 12 May
2023, unless the context requires otherwise.
The Company advises that the Closing Date for the Entitlement
Offer has been extended to 15 June 2023. The revised indicative
timetable for the Entitlement Offer is set out below.
Event Date
Last day to extend the Closing Date of the
Offer* Monday, 12 June 2023
---------------------
Closing date - AIM: latest time and date for
settlement of CREST application and payment
in full under the Offer (1pm BST)
Closing date - BSE: latest time and date for
settlement of BSE applications and payment Wednesday, 14 June
in full under the Offer (1pm CAT) 2023
---------------------
Closing Date - ASX: latest time and date for
settlement of applications and payment in full Thursday, 15 June
under the Offer (5pm AEST) 2023
---------------------
Securities quoted on a deferred settlement
basis. Friday, 16 June 2023
---------------------
Announcement of results of the Offer and shortfall Tuesday, 20 June
(if any) 2023
---------------------
Shortfall settlement (if any) Wednesday, 21 June
2023
---------------------
Issue date and lodgement of Appendix 2A with Thursday, 22 June
ASX applying for quotation of the New Shares 2023
---------------------
Trading in New Shares commences Friday, 23 June 2023
---------------------
*The Directors may extend the Closing Date by giving at least 3
Business Days' notice to ASX prior to the Closing Date.
Accordingly, the date the Shares are expected to commence trading
may vary.
Further details of the Entitlement Offer, including details on
how to accept the offer and key risks associated with an investment
in the Company are set out in the Prospectus.
Applications for new Shares under the Entitlement Offer may only
be made by completing the Entitlement and Acceptance Form which
accompanies the Prospectus. Shareholders eligible to participate in
the Entitlement Offer should read the Prospectus carefully and
consult their professional advisers as necessary. These Forms can
be accessed by Eligible Shareholders at the Company's dedicated
Offer Entitlement website where full details of the offer and how
to participate can be found. This website is open to all Eligible
Shareholders and can be found here .
A copy of the Prospectus can be located on the Company's website
at: https://tlouenergy.com/reports/
Further Information
If you have any questions in relation to any of the above
matters, please contact the Company Secretary at either
offer@tlouenergy.com or +61 7 3040 9084, Monday to Friday. For
other questions, you should consult your broker, solicitor,
accountant, financial adviser, or other professional adviser.
By Authority of the Board of Directors
Mr. Anthony (Tony) Gilby
Managing Director
****
For further information regarding this announcement please
contact:
Tlou Energy Limited +61 7 3040 9084
Tony Gilby, Managing Director
---------------------
Solomon Rowland, General Manager
---------------------
Grant Thornton (Nominated Adviser) +44 (0)20 7383 5100
---------------------
Harrison Clarke, Colin Aaronson, Ciara Donnelly
---------------------
Zeus Capital (UK Broker) +44 (0)20 3829 5000
---------------------
Simon Johnson
---------------------
Public Relations
---------------------
Ashley Seller +61 418 556 875
---------------------
About Tlou
Tlou is developing energy solutions in Sub-Saharan Africa
through gas-fired power and ancillary projects. The Company is
listed on the ASX (Australia), AIM (UK) and the BSE (Botswana). The
Lesedi Gas-to-Power Project ("Lesedi") is 100% owned and is the
Company's most advanced project. Tlou's competitive advantages
include the ability to drill cost effectively for gas, operational
experience and Lesedi's strategic location in relation to energy
customers. All major government approvals have been achieved.
Forward-Looking Statements
This announcement may contain certain forward-looking
statements. Actual results may differ materially from those
projected or implied in any forward-looking statements. Such
forward-looking information involves risks and uncertainties that
could significantly affect expected results. No representation is
made that any of those statements or forecasts will come to pass or
that any forecast results will be achieved. You are cautioned not
to place any reliance on such statements or forecasts. Those
forward-looking and other statements speak only as at the date of
this announcement. Save as required by any applicable law or
regulation, Tlou Energy Limited undertakes no obligation to update
any forward-looking statements.
IMPORTANT NOTICE
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
This announcement does not constitute, or form part of, a
prospectus relating to Tlou Energy Limited (the "Company"), nor
does it constitute or contain any invitation or offer to any
person, or any public offer, to subscribe for, purchase or
otherwise acquire any shares in the Company or advise persons to do
so in any jurisdiction, nor shall it, or any part of it form the
basis of or be relied on in connection with any contract or as an
inducement to enter into any contract or commitment with the
Company.
The content of this announcement has not been approved by an
authorised person within the meaning of the Financial Services and
Markets Act 2000 ("FSMA").
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
the United States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the
United States.
This announcement is not for release, publication or
distribution, directly or indirectly, in or into the United States,
Canada, the Republic of South Africa, Japan or any jurisdiction
where to do so might constitute a violation of local securities
laws or regulations (a "Prohibited Jurisdiction"). This
announcement and the information contained herein are not for
release, publication or distribution, directly or indirectly, to
persons in a Prohibited Jurisdiction unless permitted pursuant to
an exemption under the relevant local law or regulation in any such
jurisdiction. This announcement has been issued by and is the sole
responsibility of the Company.
Grant Thornton UK LLP ("Grant Thornton") is acting solely as
nominated adviser exclusively for the Company and no one else in
connection with the contents of this announcement and will not
regard any other person (whether or not a recipient of this
announcement) as its client in relation to the contents of this
announcement nor will it be responsible to anyone other than the
Company for providing the protections afforded to its clients or
for providing advice in relation to the contents of this
announcement. Apart from the responsibilities and liabilities, if
any, which may be imposed on Grant Thornton by FSMA or the
regulatory regime established thereunder, Grant Thornton accepts no
responsibility whatsoever, and makes no representation or warranty,
express or implied, for the contents of this announcement including
its accuracy, completeness or verification or for any other
statement made or purported to be made by it, or on behalf of it,
the Company or any other person, in connection with the Company and
the contents of this announcement respect, whether as to the past
or the future. Grant Thornton accordingly disclaims all and any
liability whatsoever, whether arising in tort, contract or
otherwise (save as referred to above), which it might otherwise
have in respect of the contents of this announcement or any such
statement.
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END
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