Ann: Suspension, page-4

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hottuna

3,053 Posts.

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02/07/15

09:24

Post #: 15567084
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Dear Mauro,
Voluntary Suspension
CuDeco Limited (ASX Code; CDU, CuDeco) requests that its shares be voluntarily suspended
from trading.
The Company sought a trading halt after its General Meeting of Shareholders where
Shareholders voted not to approve the capital raisings proposed by the Company. The Company
is meeting on 2 July 2015 with the major shareholders of the Company to consider further funding
options for the Company.
Due to the obvious continuance of financing required and the uncertainty facing the Company we
believe it is important that the suspension of trading is provided to allow for a definitive and
informative announcement to be made to the market at the appropriate time. Any reinstatement
of trading prior to this information being able to be provided would result in trading occuring in a
market not fully and properly informed.
Therefore in accordance with ASX Listing Rule 17.2:
1. the Company requests the voluntary suspension so that it can finalise a smaller capital
raising and meet with major shareholders to determine its future capital raising plans. It will
then be able to provide the market with a more definitive update on that capital raising and
its future plans;
2. the Company expects the voluntary suspension to continue until the capital raising and
plans are finalised and an announcement is made to the ASX in this regard. At this stage it
expects to be able to do so at the conclusion of its meetings on 2 July 2015;
3. the event which will end the voluntary suspension will be the announcement referred to in
paragraphs 1 and 2; and
4. the Company is not aware of any reason why the voluntary suspension should not be
granted.
Yours faithfully
B Bamonte

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Bruno's so familiar with Mauro they're on first name terms now!

What's this about the "obvious continuance of financing required'? Can anyone translate?

CDU Price at posting: $1.70 Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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