My quick Google for what remediation options might be available found what sounds to be a similar case in 2020 for Latin Resources (LRS). The remediation seems to have been that the related party had to sell the Breach Securities on-market and donate the profit to a registered charity.
Calling an Extraordinary Meeting to address a $400k breach seems excessive, and runs the risk that shareholders don't approve it so another remediation would be required anyway.
Ann: Shares Issued in Breach of Listing Rule 10.11, page-13
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $65.78M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.1¢ | $244.2K | 2.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360000 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 200933 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| WKT (ASX) Chart |