PGH Voluntary Delisting from ASX

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Stock Pact Group Holdings Ltd (PGH.ASX)
Release Time 29 Apr 2025, 9:40 a.m.
Price Sensitive Yes
 Pact Group Holdings Ltd to Delist from ASX
Key Points
  • Concentrated shareholder register and low trading volumes
  • Delisting to enable PGH to focus on business operations
  • Shareholders can sell shares on ASX prior to delisting
Full Summary

Pact Group Holdings Ltd (PGH) has announced its intention to delist from the Australian Securities Exchange (ASX) pursuant to ASX Listing Rule 17.11. The company plans to hold an extraordinary general meeting (EGM) of shareholders on 12 June 2025 to seek approval for the delisting by special resolution. Subject to shareholder approval, PGH expects the delisting to be effective on 16 July 2025. The delisting is considered by the company's Board to be in the best interests of PGH and its shareholders due to the very concentrated nature of the shareholder register, the low level of trading of PGH shares on ASX, the cost of maintaining an ASX listing relative to the benefits, and the burden associated with compliance with the regulatory regime applying to listed companies. The Board believes that a delisting would enable PGH to focus more on its business operations and on delivering on its long-term business objectives. Prior to delisting, PGH shareholders will be able to sell their shares on ASX. After delisting, the company's shares will be capable of being traded by off-market private transactions, which will require shareholders to identify and agree terms with potential purchasers of shares in accordance with the company's constitution and the Corporations Act 2001 (Cth).