Half Year Reporting Update

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Stock The Star Entertainment Group Ltd (SGR.ASX)
Release Time 28 Feb 2025, 10:31 a.m.
Price Sensitive Yes
 Star Entertainment Group Delays Half Year Report
Key Points
  • Company exploring liquidity solutions to increase cash position
  • 1HFY25 report may not be finalised without liquidity proposals
  • Shares to be suspended if report not lodged by 3 March 2025
Full Summary

The Star Entertainment Group Limited has confirmed that it is continuing to explore possible liquidity solutions that might materially increase the Group's liquidity position, and anticipates that it will receive one or more liquidity proposals during the course of today. The company is scheduled to release its half year financial report for the period ended 31 December 2024 (1HFY25 Report) today. However, it is likely that the 1HFY25 Report will only be able to be finalised if the Company has received liquidity proposals which, after appropriate consideration by the Directors, are sufficiently capable of being progressed to finalisation in the context of determining whether the Company can continue as a going concern. Shareholders should note that if the 1HFY25 Report is not lodged later today as required by the ASX Listing Rules, then the Company's shares will be automatically suspended from trading from Monday, 3 March 2025. Such a suspension would continue until the 1HFY25 Report is lodged and the ASX determines that the Company's shares should be reinstated to quotation. As noted in the Company's recent ASX announcements, there remains material uncertainty as to the Group's ability to continue as a going concern.