Microsoft Word - 150324 Share Consolidation ASX
31 March 2015
ASX ANNOUNCEMENT
Proposed Share Consolidation
ABN 65 086 630 373
Nido Petroleum Limited (ASX: NDO) ("Nido" or the "Company") is pleased to announce that it intends to seek approval for a consolidation of the capital of the Company at the Company's Annual General Meeting to be held on 22 May 2015.
The Board has resolved to seek Shareholder approval for a consolidation on the basis that every 50 shares on issue at a date to be determined following the Annual General Meeting will be consolidated into one share.
Further details in relation to the proposed share consolidation will be provided to the Company's Shareholders in the Notice of Annual General Meeting which will be mailed to all Shareholders in April.
The Company is also considering the possibility of a sale of unmarketable parcels in order to further streamline the share registry upon the conclusion of the share consolidation.
For further information please contact:
Phil Byrne
Managing Director
Nido Petroleum Limited
+61 8 9474 0000 [email protected]
Media: Luke Forrestal Account Manager Cannings Purple
+61 411 479 144 [email protected]