Delisting & Buy Back

Tap Oil Voluntary delisting, non-marketable parcel buy-back & off-market equal access share buy-back
**FOR ALL ENQUIRIES - PLEASE CONTACT LINK MARKET SERVICES ON 1300 650 320 **

Tap Oil Limited (the Company) announces its intention to delist from the Australian Securities Exchange (ASX) (Delisting) and to undertake both an opt-out non-marketable parcel buy-back facility (Non-marketable Parcels Facility) and an off-market equal access share buy-back (Buy Back).

The Delisting and the Buy Back will be put forward for shareholder approval at a general meeting to be held on 29 October 2020.

ASX Announcement Delisting & Buyback

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LETTER REGARDING DISPATCH OR NON MARKETABLE PARCEL SHARES

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NOTICE OF MEETING & EXPLANATORY NOTE

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INDEPENDENT EXPERTS REPORT

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Timetable

Indicative date

Event

28 September 2020

Record Date for Non-marketable Parcel Facility 

29 September 2020

Delisting announcement and Notice of Meeting announced on ASX

1 October 2020

Anticipated dispatch date of letter to Non-marketable holders containing important information and Share Retention Form

29 October 2020 

General Meeting held to approve the Delisting and Buy Back

12 November 2020

Retention Date for receipt of Share Retention Form and close of Non-marketable Parcels Facility

13 November 2020

Estimated payment date for shareholders under Non-marketable Parcel Facility

17 November 2020

Ex-Entitlement Date for the Buy Back (Shares acquired on or after this date will not confer an entitlement to participate in the Buy Back)

19 November 2020 

Buy Back Record Date (Date for determining entitlement to participate in the Buy Back)

24 November 2020 

Despatch of the Buy Back Offer Documents and personalised Application Forms to eligible Shareholders and Open Date of the Buy Back

10 December 2020

Buy Back Closing Date

11 December 2020

Suspension Date prior to the Delisting Date (date on which Shares are suspended from trading on ASX)

11 December 2020

Announcement of the outcome of the Buy Back and details of any Scale Back

11 December 2020

Transfer to the Company of Shares bought back under the Buy Back and cancellation of those Shares

11 December 2020

Payment of cash consideration under the Buy Back

Close of trading on 16 December 2020

Delisting Date (date on which the Delisting is expected to take effect)