CUE.ASX: Third Supplementary Bidder's Statement

Third Supplementary Bidder's Statement

Stock	CUE Energy Resources Ltd (CUE.ASX)
Release Time	9 Jun 2026, 9:31 a.m.
Price Sensitive	Yes

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Horizon's Final Bid for CUE Energy Resources Declared

Key Points

Horizon's Relevant Interest in CUE now exceeds 50.1%
Offer Consideration declared best and final
Eligible CUE Shareholders to receive A$0.008 plus 0.5625 Horizon Shares per CUE Share
Offer scheduled to close on 19 June 2026
No competing proposal known

Full Summary

Horizon Oil Limited has declared its third supplementary bidder's statement regarding its off-market takeover offer for CUE Energy Resources Limited (ASX:CUE). Horizon's Relevant Interest in CUE has reached 52.21%, surpassing the 50.1% minimum acceptance condition. The Offer Consideration, consisting of A$0.008 cash and 0.5625 Horizon Shares per CUE Share, has been declared best and final, with no competing proposal known to Horizon as of the announcement date. The Offer is now free from all Regulatory Approval Conditions and is scheduled to close at 7:00pm (Sydney time) on Friday, 19 June 2026, unless extended or withdrawn. Horizon encourages CUE Shareholders to accept the Offer without delay.

Guidance

Horizon's Relevant Interest in CUE is 52.21% as of the announcement date.

Outlook

Horizon encourages CUE Shareholders to accept the Offer without delay, as there has been no competing or superior proposal for CUE.