re: Ann: Response to ASX Query Lifting of Tra...
I'm confused, how can NEON say they were forced into a TRADING HALT when the requested it???????? As far as wrong wording, I'm having swallowing that.
ASX Market release: The securities of Neon Energy Limited the “Company") will be placed in a Trading Halt Session State at the request of COMPANY.
NEONS REQUEST Jill Hewitt Assistant Manager, Listings (Perth) Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000
Dear Jill REQUEST FOR TRADING HALT In accordance with the requirements of Listing Rule 17.1, NEON ENERGY Limited hereby REQUESTS a trading halt of the Company’s securities (NEN). The Company is in the process of a strategic review and a trading halt is requested until an announcement is made to the market which we are expecting to announce on Thursday 20 March 2014 (or earlier, if the relevant announcement is made). The Company is not aware of any reason why the trading halt should not be granted.
NEN Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held