HZN.ASX: Offer declared UNCONDITIONAL and accelerated payment terms

Offer declared UNCONDITIONAL and accelerated payment terms

Stock	Horizon Oil Ltd (HZN.ASX)
Release Time	17 Jun 2026, 3:10 p.m.
Price Sensitive	Yes

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Horizon Oil declares offer unconditional, accelerates payment terms

Key Points

Offer declared UNCONDITIONAL
Payment terms accelerated to 9 business days
Offer closes on 19 June 2026

Full Summary

Horizon Oil Ltd (ASX:HZN) has declared its offer for Cue Energy Resources (ASX:CUE) unconditional. The offer, which was initially subject to certain conditions, is now free from all conditions. Additionally, Horizon has accelerated the payment terms, ensuring that eligible Cue shareholders who accept the offer by the end of the offer period on 19 June 2026 will receive their offer consideration within 9 business days after the offer period ends, by 2 July 2026. The offer consideration remains at 0.5625 Horizon shares and A$0.008 cash per Cue share, with no changes expected in the absence of a competing proposal.

Guidance

Offer consideration remains at 0.5625 Horizon shares and A$0.008 cash per Cue share

Outlook

Horizon encourages Cue shareholders to accept the unconditional offer without delay