ODN 0.00% 0.0¢ odin energy limited

DOGS ....... Attention: Frieda Orr (Adviser, Listings Compliance...

  1. 1,458 Posts.
    DOGS .......

    Attention: Frieda Orr (Adviser, Listings Compliance (Perth))
    Dear Ms Orr
    Price and Volume Query
    We refer to your enquiry in relation to the increase in the Company’s share price and volume of transactions since 14 March 2016, and respond using your numbering.
    1. The Company is unaware of any information concerning it that has not been announced and which, if known, could reasonably explain the recent trading in the Company’s securities;
    1. Not applicable;
    2. No, the Company does not have any other explanation for the price change or increase in volume of securities. The Company
    recently announced that it was continuing negotiations with the finalisation of the Securities Sale Agreement to acquire the issued capital and operations of gridComm and this is ongoing. With respect to this matter, the Company has not amended or agreed to any further material changes to those announced to the market on 26 January 2016, in that the arrangement are still subject to :
    a. b. c. d.
    100% of the gridComm shareholders agreeing to the share sale agreement terms and conditions; gridComm obtaining all required shareholder approvals;
    Odin obtaining all shareholder approvals to enable the transaction to be completed; and
    Conditional listing approval being received from the ASX and re-compliance with chapters 1 and 2 of the
    ASX listing rules.
    4. The Company confirms that it is in compliance with ASX Listing Rules and, in particular, Listing Rule 3.1.
    Yours sincerely Odin Energy Ltd
    Roland Berzins Company Secretary
 
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Currently unlisted public company.

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