AWE Acknowledges Mitsui’s Intentions

AWE Limited (ASX: AWE) acknowledges today’s announcement by Mitsui & Co., Ltd. (Mitsui) that it intends to declare its off-market takeover bid to acquire AWE for $0.95 per share (the Mitsui Offer) unconditional and accelerate payment terms if its interest1 in AWE exceeds 50.1% by 14 March 2018.

The AWE Board confirms it has received no further approaches or proposals to acquire the company and, following the withdrawal of the bid by CERCG Aus Gas Pty Ltd (CERCG), the Mitsui offer is the only offer available to AWE shareholders.

The AWE Board continues to unanimously recommend that shareholders ACCEPT the Mitsui Offer, in the absence of a superior proposal. It is the intention of AWE Directors to accept, or procure the acceptance of, the Mitsui Offer in respect of all AWE shares that they own or control, again in the absence of a superior proposal.


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