ASX Announcement LINC ENERGY RECEIVES
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ASX Announcement ASX Code: LNC OTCQX Code: LNCGY 6 November 2013 LINC ENERGY RECEIVES SHAREHOLDER APPROVAL TO PROCEED WITH LISTING ON SGX (SINGAPORE) • Linc Energy gains strong shareholder support for de-listing from the Australian Securities Exchange (ASX) and move to the Main Board of the Singapore Exchange Securities Trading Limited (SGX) • Singapore is an international capital markets centre and an emerging oil and gas hub and listing on the Main Board of the SGX will help identify oil & gas and energy investors from around the world who appreciate and recognise the value in Linc Energy’s conventional and unconventional Oil, Gas, Shale and Coal assets and its unique Underground Coal Gasification (UCG) technology Linc Energy Ltd (ASX: LNC) (OTCQX: LNCGY) is pleased to announce that at today’s Extraordinary General Meeting, Linc Energy’s shareholders approved resolutions to delist from the Australian Securities Exchange and, subject to final regulatory approval, list on the SGX. Commenting on the approval, Ken Dark, Chairman of Linc Energy said, “I wish to thank shareholders for supporting our move to the SGX. This change is the outcome of a strategic review into realising the value in Linc Energy and I am confident the move to the SGX will facilitate this value creation.” Chief Executive Officer and Managing Director of Linc Energy, Peter Bond added, “Since listing on the ASX in 2006, Linc Energy has grown into a diversified global energy group. Today, we have a portfolio of conventional and unconventional oil, gas, shale and coal assets, located across Australia and the USA, with our unique proprietary underground coal gasification (UCG) technology on the cusp of commercialisation.” “Whilst our story continues to evolve, we remain focused on developing our assets and unlocking share price value as we do so.” “Singapore is an international capital markets centre, as well as an emerging oil and gas hub, and is the ideal platform to facilitate Linc Energy’s long term Asian growth strategy. I expect the move to the SGX to be a catalyst of change which will allow Linc Energy to broaden its investor base and improve access to oil & gas and energy investors from around the world who appreciate and recognise the full value of our considerable asset base for shareholders.” Following the delisting from the ASX and listing on the SGX, Linc Energy’s operations will remain unchanged and the Company will continue to be headquartered in Brisbane. ASX Announcement continued… ASX Code: LNC OTCQX Code: LNCGY Indicative transaction timetable Detail Date ASX suspension of trading From close of business 15 November 2013 Share Transfer Form Return 22 November 2013 Deadline for transfer of shares to a CDP Securities Account or receive a physical share certificate. Linc Energy delisted from the Official List of the ASX 6 December 2013 Linc Energy admitted to the Official List of the SGX 6 December 2013 The dates listed above are indicative only and subject to change. Media contact: FCR Contact : James Strong (0423 338 005) or Anthony Tregoning (0411 852 448) - 2 - ASX Announcement continued… ASX Code: LNC OTCQX Code: LNCGY Company Profile Linc Energy is focused on both conventional and unconventional oil and gas production. The Company owns a diverse and world-class commodity portfolio that includes oil, gas, shale and coal. Conventional oil and gas is focused onshore USA (Alaska, Texas, Louisiana and Wyoming) with current production expected to grow significantly from the Company’s existing reserves. Unconventional oil and gas is focused on our world leading capability in Underground Coal Gasification, the process of converting coal into a valuable synthetic gas in situ. Linc Energy has constructed and commissioned the world’s only UCG to GTL demonstration facility. The Company also owns and operates the world’s only commercial UCG operation in Uzbekistan, which supplies syngas to a nearby power station. Linc Energy is listed on the ASX (Australia) and the OTCQX (USA). This announcement does not constitute an offer to sell, or the solicitation of any offer to buy, the shares of the Company. Any offer of the shares of the Company will be made only by means of a prospectus or private offering memorandum. The shares of the Company have not been and will not be registered under the U.S Securities Act of 1933, as amended (the "Securities Act"). The shares of the Company may not be offered or sold in the United States without registration under the Securities Act or an applicable exemption from such registration requirements. Media contact: FCR Contact : James Strong (0423 338 005) or Anthony Tregoning (0411 852 448) - 3 - .