Top End Energy Limited (ASX: TEE) – Securities Suspended
Voluntary Suspension Requested
Top End Energy Limited (ASX: TEE) has voluntarily suspended its securities from quotation, effective immediately. This decision follows the company’s inability to release an announcement regarding a material project acquisition and capital raising.
Details of the Suspension
The suspension is based on ASX Listing Rule 17.2 and is in line with TEE’s request made on 28 November 2024. The company aims to maintain transparency and informed trading while finalising the details of the acquisition and funding.
Future Announcements
Top End Energy expects to issue the announcement and lift the suspension before trading commences on 3 December 2024. The company’s Board has approved the request for suspension.
Executive Statement
Michelle Kennedy, Joint Company Secretary, stated that TEE is unaware of any reason why the voluntary suspension should not be granted. The company assures stakeholders that they are working diligently to provide the necessary updates.
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.
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