Completion of Pre-Bid Agreement
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| Stock | CUE Energy Resources Ltd (CUE.ASX) |
|---|---|
| Release Time | 26 Jun 2026, 1:24 p.m. |
| Price Sensitive | Yes |
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CUE Energy Resources Ltd Completes Pre-bid Agreement with Horizon Oil
Key Points
- Horizon Oil acquired 139,885,879 Cue Shares under the Pre-bid Agreement
- Horizon Oil now holds a Relevant Interest in 57.06% of Cue Shares
- The Offer Period for the Takeover closed on 19 June 2026
- Eligible Cue Shareholders will receive Offer Consideration by 2 July 2026
Full Summary
Horizon Oil Limited has successfully completed the acquisition of 139,885,879 Cue Energy Resources Limited shares under a pre-bid agreement, representing approximately 19.90% of all Cue shares currently on issue. This acquisition, along with the completion of the takeover offer, has resulted in Horizon now holding a Relevant Interest in 57.06% of all Cue shares. The offer period for the takeover closed on 19 June 2026, and eligible Cue shareholders who accepted the offer will receive their consideration by 2 July 2026.
Outlook
Horizon Oil is looking forward to finalizing the takeover and collaborating with Cue on its operations and future endeavors.
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