Orders Granted
| Stock | Peninsula Energy Ltd (PEN.ASX) |
|---|---|
| Release Time | 22 Apr 2026, 2:29 p.m. |
| Price Sensitive | Yes |
Peninsula Energy Ltd Obtains Court Orders
- Successful in obtaining orders from Supreme Court of Western Australia
- Orders relate to the sale of 19,875,125 shares issued on 12 February 2026
- Sellers relieved from civil liability for certain Corporations Act contraventions
Peninsula Energy Ltd (ASX: PEN) has advised that it has been successful in obtaining the orders sought at a hearing in the Supreme Court of Western Australia on 22 April 2026. The orders relate to the sale of 19,875,125 fully paid ordinary shares in the company that were issued on 12 February 2026. The key orders granted by the court are: 1) Declaring that the offer for sale or sale of the 19,875,125 shares during the period from 12 February 2026 to 7 April 2026 is not invalid due to the company's failure to issue a prospectus on 12 February 2026 as required under the Corporations Act; and 2) Declaring that any seller of the shares be relieved from any civil liability arising out of the company's failure to satisfy the requirements of the Corporations Act. The company has been requested to serve a sealed copy of the orders on the Australian Securities and Investments Commission (ASIC) and provide a copy to each person to whom the shares were issued, as well as publish an announcement to the Australian Securities Exchange (ASX) including the orders.