Sundance Energy Announces Australian Federal Court Approves Shareholder Meeting to Vote on Proposed Re-Domiciliation
02 Outubro 2019 - 1:32PM
Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE)
(“Sundance” or the “Company”) a U.S. onshore oil and gas
exploration and production company focused in the Eagle Ford in
South Texas, is pleased to announce that the Federal Court of
Australia has approved orders to convene a meeting of Sundance
shareholders to consider and vote on the Company’s proposed
re-domiciliation via a Scheme of Arrangement (the “Scheme”), under
which a newly formed US corporation (“Holdco”) would become the
ultimate parent company of the Sundance group of companies
following the Scheme. Pursuant to the Scheme, existing Sundance
shareholders will be entitled to receive one share in Holdco for
every 100 Sundance shares held on the Scheme record date. If
the re-domiciliation proposal is approved, Sundance’s primary
listing will move from the Australian Securities Exchange to the
Nasdaq Global Market.
The Company has registered the Scheme Booklet as
approved by the Federal Court with the Australian Securities and
Investments Commission. The Scheme Booklet includes the Notice of
Scheme Meeting and an Independent Expert’s Report prepared by KPMG
Financial Advisory Services (Australia) Pty Ltd, which concludes
that, in their opinion, the Scheme is in the best interest of
Sundance shareholders. A full copy of the Scheme Booklet and
proxy form will be sent to Sundance shareholders on or about
October 10, 2019.
The Scheme meeting will be held on Friday,
November 8, 2019 at the offices of Baker McKenzie, Tower One -
International Towers Sydney, Level 46, 100 Barangaroo Avenue,
Sydney NSW 2000, commencing at 10:00 am (Sydney time).
Sundance shareholders may vote either by attending the Scheme
meeting in person or by proxy.
It is expected that, if all required approvals
are obtained, the re-domiciliation will be completed during
November 2019.
About Sundance Energy Australia
Limited
Sundance Energy Australia Limited (“Sundance” or
the “Company”) is an Australian-based, independent energy
exploration company, with headquarters in Denver, Colorado, USA.
The Company is focused on the acquisition and development of large,
repeatable oil and natural gas resource plays in North America.
Current activities are focused in the Eagle Ford. A
comprehensive overview of the Company can be found on Sundance’s
website at www.sundanceenergy.net
Summary Information
The following disclaimer applies to this
document and any information contained in it. The information in
this release is of general background and does not purport to be
complete. It should be read in conjunction with Sundance’s periodic
and continuous disclosure announcements lodged with ASX Limited
that are available at www.asx.com.au and Sundance’s filings with
the Securities and Exchange Commission available at www.sec.gov.
Forward-Looking Statements
This release may contain forward-looking
statements. These statements relate to the Company’s expectations,
beliefs, intentions or strategies regarding the future. These
statements can be identified by the use of words like “anticipate”,
“believe”, “intend”, “estimate”, “expect”, “may”, “plan”,
“project”, “will”, “should”, “seek” and similar words or
expressions containing same.
These forward-looking statements reflect the
Company’s views and assumptions with respect to future events as of
the date of this release and are subject to a variety of
unpredictable risks, uncertainties, and other unknowns. Actual and
future results and trends could differ materially from those set
forth in such statements due to various factors, many of which are
beyond our ability to control or predict. These include, but are
not limited to, risks or uncertainties associated with the
re-domiciliation (including the ability to recognize any benefits
therefrom), discovery and development of oil and natural gas
reserves, cash flows and liquidity, business and financial
strategy, budget, projections and operating results, oil and
natural gas prices, amount, nature and timing of capital
expenditures, including future development costs, availability and
terms of capital and general economic and business conditions.
Given these uncertainties, no one should place undue reliance on
any forward-looking statements attributable to Sundance, or any of
its affiliates or persons acting on its behalf. Although
every effort has been made to ensure this release sets forth a fair
and accurate view, we do not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Important Notice
This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, securities in the
United States or any other jurisdiction. Any securities described
in this press release have not been registered under the US
Securities Act of 1933, as amended, and may not be offered or sold
in the United States except in transactions exempt from, or not
subject to, registration under the US Securities Act and applicable
US state securities laws.
For more information, please contact:
United States: |
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John Roberts VP Finance & Investor Relations Tel: +1 (720)
638-2400 |
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Eric McCrady CEO and Managing Director Tel: +1 (303) 543-5703 |
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Australia: Mike Hannell Chairman Tel: +61 8 8363
0388 |
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