News: AB1 Animoca Brands Says ASX Issued Letter To Co

Dec 24 (Reuters) - Animoca Brands Corporation Ltd (AB1) :

• ASX ISSUED TO CO LETTER DETAILING WHAT ASX BELIEVES TO BE BREACHES OF LISTING RULES
• IN LETTER, ASX INDICATED SOME ELEMENTS OF CO'S BUSINESS IT DOES NOT CONSIDER TO BE APPROPRIATE FOR A LISTED COMPANY
• ASX LETTER CITES COS "SUBSTANTIAL INVOLVEMENT IN CRYPTOCURRENCY RELATED ACTIVITIES" & "SUBSTANTIAL USE OF SAFES ISSUED BY SUBSIDIARIES"
• ANIMOCA PROVIDED OPPORTUNITY TO MAKE CASE CONTRARY TO ASX INDICATION, OTHERWISE, ASX PROPOSES TO REMOVE ANIMOCA FROM OFFICIAL LIST
• THERE CAN BE NO ASSURANCE THAT CO'S SUBMISSIONS TO ASX WILL BE SUCCESSFUL IN FORESTALLING REMOVAL FROM OFFICIAL LIST
• CO IS MAKING EVERY EFFORT TO ADDRESS ASX'S CONCERNS