Update on Australian Takeover Panel application

RNS Number : 5108O
Aura Energy Limited
01 June 2020
 

 

AURA ENERGY LIMITED

("Aura" or the "Company")

 

Update on Australian Takeover Panel application

 

 

Aura wishes to inform the market that on 1 June 2020, the Australian Takeover Panel ("Panel") announced that it has declined to conduct proceedings on an application dated 19 May 2020  from the Company, in relation to its affairs. Aura submitted, inter alia, that there was a lack of clarity around who was ultimately in control of various significant shareholings in the Company and the relationship between the holders.

 

The Panel considered that Aura did not provide a sufficient body of material to justify the Panel making futher enquiries and concluded that there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the Panel declined to conduct proceedings.

 

Details of the full Panel notice can be accessed here: 
http://www.rns-pdf.londonstockexchange.com/rns/5108O_1-2020-6-1.pdf

 

The Company's shares remain suspended from trading on the ASX under Listing Rule 17.2 at Aura' s request, pending clarification of recent market releases. A further update will  be provided once the Company's shares recommence trading on the ASX.

 

Aura Energy Limited

Peter Reeve (Executive Chairman)

SP Angel Corporate Finance LLP

(Nominated Advisor and Joint Broker)

Ewan Leggat

Caroline Rowe

 

WH Ireland Limited

(Joint Broker)

Adrian Hadden

James Sinclair-Ford

 

 

 

Yellow Jersey PR Limited

Felicity Winkles

Joe Burgess

 

Telephone: +61 (3) 9516 6500

info@auraenergy.com.au

Telephone: +44 (0) 203 470 0470

 

 

 

 

 

Telephone: +44 (0) 207 220 1666

 

 

 

 

 

Telephone: +44 (0) 7769 325 254

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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