Jervois Global Limited (ASX:JRV) Requests Voluntary Suspension
Securities Suspension
Jervois Global Limited (ASX: JRV) has requested a voluntary suspension from quotation under ASX Listing Rule 17.2. This decision, effective immediately, follows the company’s agreement with Millstreet Capital Management concerning a proposed recapitalisation.
Reason for Suspension
The company’s board intends to commence voluntary administration, necessitating a hold on share trading. Jervois aims to meet its continuous disclosure obligations during this period. The company has indicated it cannot satisfy these obligations within the timeframe for a trading halt.
Duration of Suspension
Jervois expects the suspension to last until either an announcement regarding the recapitalisation is released, the resumption of normal trading on 31 January 2025, or if the company is removed from the ASX official list. Alwyn Davey, Company Secretary, stated that the company does not foresee any reasons against granting this suspension.
Motley Fool contributor Aaron Shaw 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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