Linc Energy not to apply for removal from ASX until 18 December; lodges preliminary offering document with Monetary Authority of Singapore
Linc Energy Ltd [LNC:AU] announced that yesterday evening it lodged its preliminary offering document (Preliminary Prospectus) with the Monetary Authority of Singapore (MAS).
The Preliminary Prospectus is now subject to an 'exposure period' of a minimum of 14 days (Exposure Period). The purpose of this Exposure Period is to enable investors to examine the Preliminary Prospectus prior to the raising of funds. That examination may result in identification of deficiencies in the Preliminary Prospectus and in those circumstances; the Preliminary Prospectus may be amended.
The offering document in its final form (Final Prospectus) may be registered by the MAS at the end of the Exposure Period. Following registration, the offer under the Final Prospectus (Offer) will be open to retail investors to whom the offer may lawfully be made and Linc Energy may proceed to process applications from investors.
Revised date for removal from the ASX
Linc Energy anticipates that it will not apply to the ASX for removal from the Official List of the ASX until 18 December 2013. The revised timetable is provided below. The dates listed below are indicative only and subject to change and are subject to a number of factors, including listing, regulatory, corporate, market and other factors.
Linc Energy Preliminary Prospectus - Lodgment of Preliminary Prospectus with MAS: 25 November 2013
Share Transfer Form Return - Deadline for transfer of shares to a CDP Securities Account or receive a physical share certificate: 29 November 2013
Final Prospectus - MAS - Offer open - Registration of Final Prospectus by the MAS and commencement of the Offer: On or about 9 December 2013
Close of the Offer: On or about 16 December 2013
Linc Energy Ltd shares to be issued - Shares under the Offer to be issued: On or about 18 December 2013
Removal of Linc Energy Ltd from ASX: 18 December 2013
Admission of Linc Energy Ltd to the SGX: 18 December 2013.
Click here for the full announcement.
Source : Stock Exchange Announcement(s) Target: Linc Energy Ltd. Issuer: Linc Energy Ltd.
Size : > 500m(USD)
Stake Value : N/A
Grade : Confirmed
Alert : aussie daily
LNC Price at posting:
99.5¢ Sentiment: LT Buy Disclosure: Held
