Horizon Completes Acquisition of Cue Shares
Key points
- Horizon acquired 139,885,879 Cue shares from Echelon
- Represents 19.90% of all Cue shares
- Offer period closed on 19 June 2026
- Horizon now holds 57.06% of Cue shares
Full summary
Horizon Oil Limited (ASX:HZN) has completed the acquisition of 139,885,879 fully paid ordinary shares in Cue Energy Resources Limited (ASX:CUE) from Echelon Offshore Limited, representing approximately 19.90% of all Cue shares presently on issue, under a pre-bid agreement dated 2 March 2026. The takeover offer period closed on 19 June 2026. Eligible Cue Shareholders who validly accepted the Offer will receive their Offer Consideration by 2 July 2026. Horizon now holds 57.06% of all Cue shares.
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