Jervois Global Limited (ASX:JRV) – Suspension Announcement
Jervois Global Limited (ASX:JRV) has announced the continuation of its securities suspension, initially requested on 2 January 2025. This suspension stems from the company’s pending announcement regarding a proposed recapitalisation in Australia.
Financial Condition and Compliance Issues
Following the announcement that JRV expects to implement a recapitalisation through an interconditional deed of company arrangement, the ASX has assessed JRV’s financial condition. The assessment concluded that JRV does not meet the adequacy requirements for the continued quotation of its securities as outlined in Listing Rule 12.2.
JRV’s securities will remain suspended under Listing Rule 17.3 until the ASX is satisfied that the company complies with all Listing Rules, including Rule 12.2, and deems it appropriate for the securities to be reinstated to quotation.
Motley Fool contributor Lianne Eastty 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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