Update on ASX Trading Halt

RNS Number : 4784N

Aura Energy Limited

20 May 2020

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Update on ASX Trading Halt

Aura wishes to inform the market that on 19 May 2020, the Australian Takeover Panel ("Panel") received an application from the Company in relation to its affairs. Aura submits, inter alia, that there is a lack of clarity around who is ultimately in control of various significant shareholings in the Company and the relationship between the holders.

Aura is seeking interim orders restraining ASEAN Deep Value Fund ("ASEAN"), Pre-Emptive Trading Pty Ltd ("PET"), and certain named individuals (and their associates) (together the "Alleged Associates") from buying further shares in the Company and from disposing of, or exercising any voting shares attaching to, the shares in which they have a relevant interest.

Aura is seeking final orders requiring the Alleged Associates to make further disclosure, and vesting the shares in Aura acquired by those persons in the Commonwealth to be sold by an appointed seller.

A sitting Panel has been not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

Details of the application, as submitted by the Company can be accessed here:  http://www.rns-pdf.londonstockexchange.com/rns/4784N_1-2020-5-20.pdf

The Company's shares remain suspended from trading on the ASX under Listing Rule 17.2 at Aura' s request, pending clarification of recent market releases. A further update will  be provided once the Company's shares recommence trading on the ASX.

Aura Energy Limited Peter Reeve (Executive Chairman) SP Angel Corporate Finance LLP (Nominated Advisor and Joint Broker) Ewan Leggat Caroline Rowe WH Ireland Limited (Joint Broker) Adrian Hadden James Sinclair-Ford Yellow Jersey PR Limited Felicity Winkles Joe Burgess

Telephone: [phone] [e-mail] Telephone: [phone] Telephone: [phone] Telephone: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

END

 

 

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