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Cue Energy Resources Limited (ASX:CUE)

ALERT: Price-sensitive ASX Announcement for CUE
Current share price for CUE : $0.110 -0.01 (-8.33%)+
Announcement
Release
17 Jun 2026 3:10PM
Price at Release
$0.120
Full Release
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Summary
Horizon Oil Limited has announced that its takeover offer for Cue Energy Resources Limited has been declared unconditional, with the removal of the remaining condition related to prescribed occurrences. The offer now includes accelerated payment terms, ensuring that eligible Cue shareholders who accept the offer will receive their consideration within nine business days after the offer period ends on 19 June 2026. The offer consideration includes 0.5625 Horizon shares and A$0.008 cash per Cue share, which is stated as the final offer in the absence of any competing proposal. Horizon holds a 52.66% voting power in Cue at the time of the announcement.
Key Points
  • Offer declared unconditional
  • Accelerated payment terms introduced
  • Payment within 9 business days after offer period
  • Offer period ends on 19 June 2026
  • Final offer includes 0.5625 Horizon shares and A$0.008 per Cue share
  • Horizon holds 52.66% voting power in Cue
  • Notice to free offer from conditions issued
  • Fourth supplementary bidder’s statement lodged with ASIC
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.