TIDMTLOU
RNS Number : 9249Y
Tlou Energy Ltd
08 January 2024
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
8 January 2024
Tlou Energy Limited
("Tlou" or "the Company")
Extension of Closing Date for Non-Renounceable Rights Issue to
ASX and BSE shareholders to raise up to A$13.3 million (BWP 118
million)
Further to its announcement of 15 December 2023, Tlou Energy
Limited advises that the closing date for the a pro-rata
non-renounceable entitlement offer of four (4) New Shares for every
11 Shares held at an issue price of $0.035 (equivalent to BWP 0.31)
per New Share to raise approximately $13.3 million (BWP 118
million) (before costs) (Offer) has been extended to Wednesday, 31
January 2024 to allow extra time for Eligible Shareholders to take
up their entitlements .
Eligible Shareholders who take up their full entitlement may
subscribe for additional shares beyond their Entitlement on the
basis that some existing Shareholders may fail to fully take up
their Entitlement.
A revised timetable can be found at Schedule 1 of this
announcement.
The net proceeds of the Entitlement Offer, along with existing
cash, will mainly be applied by Tlou towards achieving Lesedi power
project power grid connectivity in Botswana, including expenditure
relating to:
-- Transmission line and substations
-- Drilling, field operating costs, gas gathering, generation
-- Corporate expenditure and working capital.
Further details of the Offer, including details on how to accept
the Offer and key risks associated with an investment in the
Company are set out in the Offer Booklet published on ASX on 15
December 2023. Eligible Shareholders should read the Offer Booklet
carefully and consult their professional advisors as necessary.
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
----------------------
Investor Relations
----------------------
Ashley Seller (Australia) +61 418 556 875
----------------------
FlowComms Ltd - Sasha Sethi (UK) +44 (0) 7891 677 441
----------------------
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, an offer
booklet or 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.
Schedule 1 - Revised Indicative Timetable
Event Date
Announcement of Entitlement Offer, Friday, 15 December 2023
Appendix 3B, and Offer Booklet
--------------------------------
Ex date Tuesday, 19 December 2023
--------------------------------
Record Date Wednesday, 20 December 2023
--------------------------------
Opening Date Friday, 22 December 2023
Dispatch of Offer Booklet and Entitlement
and Acceptance Forms
--------------------------------
Revised Last day to extend the Closing Thursday, 25 January 2024
Date
(before noon)
--------------------------------
Revised Closing Date 5.00pm (AEST) Wednesday,
31 January 2024 for ASX
holders
9.00am CAT Tuesday, 30 January
2024 for BSE holders
--------------------------------
Revised New Shares quoted on a deferred Thursday, 1 February 2024
settlement basis
--------------------------------
Revised Announcement of results of Monday, 5 February 2024
Entitlement Offer
--------------------------------
Revised Issue of New Shares under Wednesday, 7 February 2024
Entitlement Offer
Revised Lodgement of Appendix 2A applying
for quotation of the new shares
--------------------------------
Revised Quotation of New Shares under Thursday, 8 February 2024
Entitlement Offer
--------------------------------
These dates are indicative only. The Directors reserve the right
to vary the key dates without prior notice, subject to the Listing
Rules.
The Directors reserve the right not to proceed with the whole or
part of the Offer at any time prior to issue of the Offer Shares.
In that event, Application Monies (without interest) will be
returned in full to the Applicants. An extension of the Closing
Date for the Offer will delay the anticipated date for issue of the
Offer Shares. The commencement of quotation of Offer Shares is
subject to confirmation from ASX, and BSE.
Unless otherwise stated, references to times in this document
are to times in Brisbane, Australia for holders of Shares on ASX
and to times in Gaborone, Botswana for holders of shares on BSE.
Eligible Shareholders wishing to participate in the Offer are
encouraged to submit their Entitlement and Acceptance Form and
Application Monies as soon as possible after the Offer opens.
BSE holders who have any queries on the procedure for acceptance
and payment should contact Corpserve Botswana on +267 393 2244
between 8.00 a.m. and 4.30 p.m. (Gaborone time) Monday to Friday
(except public holidays) or via email at
contactus@corpservebotswana.com. The helpline cannot provide advice
on the merits of the Offer nor give any legal or tax advice.
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END
FUREAAFPEFKLEEA
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January 08, 2024 02:00 ET (07:00 GMT)
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