After careful consideration, the AVZ board has resolved not to seek reinstatement on the basis a reinstatement at this time would not be in the best interests of AVZ shareholders.
The AVZ board’s view is based on the following key reasons: """"""• the DRC Government’s failure to comply with the interim orders made in the Company’s favour by the International Center for Settlement of Investment""""""""
Disputes (ICSID) tribunal on 16 January 2024;1 • Cominière’s failure to comply with the emergency orders made against it including the grant of emergency orders in the Company’s favour by the International Court of Arbitration of the International Chamber of Commerce (ICC) tribunal on 5 May 2023 and on 15 November 2023 in ICC Case 27720;2 • the other key disputes to which the Company or a member of its corporate group is a party are ongoing; a
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held
