A response from ASX. Did i miss something wrt GP shares?
Dear Mr ....
Kangaroo Metals Limited (the “Company”) I refer to your recent correspondence with ASX’s customer service in relation to alleged trading in the Company’s securities contrary to escrow agreement(s) required by ASX prohibiting disposal or transfer of the escrowed securities for 24 months from 19 April 2007, being the date of official quotation of the Company’s securities. The Company announced on 17 April 2007 8,947,500 ordinary shares are escrowed for 24 months from the date of official quotation of the Company’s securities. As required by ASX listing rule 9.5(b), the provider of registry services to the Company must impose a holding lock to the escrowed securities held on the issuer sponsored sub-register and undertakes not to remove the holding lock without ASX’s written consent. The holding lock prevents any movement from the holding. ASX has made enquires in relation to this matter. The Company has confirmed no escrowed securities have been disposed and the holding locks to the escrowed securities have remained in place, uninterrupted. Breaches of ASX listing rules are serious matters and ASX is keen to receive any information in that regard. Unless we receive any further information, ASX considers this matter concluded. Yours sincerely [sent electronically without signature] David Barnett General Manager – Issuers CC: Australian Securities & Investments Commission ASX Markets Supervision Pty Ltd ABN 26 087 780 489 20 Bridge Street Sydney NSW 2000 PO Box H224 Australia Square NSW 1215 Telephone 61 2 9227 0000 Facsimile 61 2 9241 7620 www.asx.com.au
KML Price at posting:
7.5¢ Sentiment: None Disclosure: Held
