ReNu Energy Limited (ASX:RNE) – Suspension from Quotation
Voluntary Suspension Request
ReNu Energy Limited (ASX:RNE) has requested a voluntary suspension of its securities effective immediately. This suspension is under Listing Rule 17.2, pending the release of an announcement related to compliance with section 2.10 of Guidance Note 12 concerning a proposed transaction under Listing Rule 11.1.
Compliance Details
The suspension will remain in effect until ReNu Energy complies with the necessary procedures or announces whether the proposed transaction will proceed. Managing Director Greg Watson confirmed that the decision to request the suspension was approved by the Board.
Executive Comments
“ReNu Energy is not aware of any reason why its securities should not be suspended,” stated Greg Watson, Managing Director of ReNu Energy Limited.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.