Pro-Pac Packaging Limited (ASX:PPG) Responds to ASX Price Query

Overview of ASX Price Query

Pro-Pac Packaging Limited (ASX:PPG) has confirmed its awareness of ongoing discussions regarding short-term and long-term funding arrangements in response to an ASX price query. The company stated that these discussions are still in progress, and no definitive conclusions have been reached.

Funding Arrangements Update

In its response, Pro-Pac indicated that it is collaborating with its advisors and existing and potential financiers to enhance its cash generation. The company anticipates that an update on these funding arrangements may be provided within the next two weeks.

Compliance and Governance

Pro-Pac assured that it continues to comply with the ASX Listing Rules, specifically Listing Rule 3.1. The board has authorized and approved the responses provided to the ASX, maintaining adherence to its disclosure policy.

Executive Comments

Kathleen Forbes, Company Secretary, stated, “We remain committed to improving our cash generation and securing the necessary funding to support our operations during this ongoing process.”

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