TIDMTLOU
RNS Number : 3381A
Tlou Energy Ltd
23 May 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
23 May 2023
Tlou Energy Limited
("Tlou" or "the Company")
Despatch of Entitlement Issue Prospectus to Eligible
Shareholders
On 12 May 2023 Tlou Energy Limited, the ASX, AIM and BSE listed
company lodged with the ASX and ASIC a Supplementary Entitlement
Issue Prospectus ("Prospectus") for a partially underwritten
entitlement offer of up to 304,156,361 new Offer Shares at a price
of A$0.035 per share (GBP0.02, BWP0.30) ("Issue Price") to raise
approximately A$10.65 million (approximately GBP5.86 million; BWP
92.6 million)). Under the offer, Eligible Shareholders may
subscribe for 4 fully paid ordinary shares for each 11 fully paid
ordinary shares held at 7.00 pm (AEST) / 6.00 pm (BST) / 6.00 pm
(CAT) on 17 May 2023 ("Record Date").
The Company has today dispatched the Prospectus and personalised
Entitlement and Acceptance Forms ("Offer Documents") to Eligible
Shareholders, being those at the Record Date, who had a registered
address in the United Kingdom, Botswana, Australia or New Zealand
or are a Shareholder that the Company has otherwise determined (in
its absolute discretion) are eligible to participate in the
offer.
For those Eligible Shareholders which the Company has an email
address for, and have consented to receive documentation via
electronic means, the Company has today emailed them a letter
containing a link to a dedicated 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 .
The Company advises that in accordance with the timetable
announced Friday, 12 May 2023 the Closing Date for participation in
the offer is 5.00pm AEST, Thursday 8 June 2023.
A copy of the Prospectus can be located on the Company's website
at: https://tlouenergy.com/reports/
Letter to Ineligible shareholders
Pursuant to the requirements of ASX Listing Rule 7.7.1(b), the
Company advises that it has sent letter to those shareholders with
an address located outside of United Kingdom, Botswana, Australia
or New Zealand. A copy of
that letter 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
MSCSEFSADEDSESI
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May 23, 2023 04:43 ET (08:43 GMT)
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