Update on Australian Takeover Panel application

RNS Number : 5108O

Aura Energy Limited

01 June 2020

 

AURA ENERGY LIMITED

("Aura" or the "Company")

Update on Australian Takeover Panel application

Aura wishes to inform the market that on 1 June 2020, the Australian Takeover Panel ("Panel") announced that it has declined to conduct proceedings on an application dated 19 May 2020  from the Company, in relation to its affairs. Aura submitted, inter alia, that there was a lack of clarity around who was ultimately in control of various significant shareholings in the Company and the relationship between the holders.

The Panel considered that Aura did not provide a sufficient body of material to justify the Panel making futher enquiries and concluded that there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the Panel declined to conduct proceedings.

Details of the full Panel notice can be accessed here: 
http://www.rns-pdf.londonstockexchange.com/rns/5108O_1-2020-6-1.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.

 

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