Cluey Ltd Voluntary Delisting from ASX
| Stock | Cluey Ltd (CLU.ASX) |
|---|---|
| Release Time | 25 Jun 2026, 9:25 a.m. |
| Price Sensitive | Yes |
Cluey Ltd Announces Voluntary Delisting from ASX
- Cluey proposes to transition from ASX-listed to unlisted public company
- Delisting expected to save approximately A$500,000 annually
- Delisting to be put to shareholders for approval on August 13, 2026
- Closure of UK operations of subsidiary Code Camp by August 31, 2026
Cluey Ltd has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX) to become an unlisted public company. The Board believes this transition will allow the company to focus on long-term value creation for shareholders, free from the constraints of thin trading volumes, depressed market pricing, and the disproportionate cost of maintaining an ASX listing. The delisting is expected to deliver benefits such as greater flexibility to pursue value-creating strategic opportunities, improved access to capital on less dilutive terms, estimated annual cost savings of approximately A$500,000, and the ability for management to redirect time and resources towards growth initiatives that directly benefit shareholders. The delisting will be put to shareholders for approval at a general meeting scheduled for August 13, 2026. Additionally, Cluey plans to close the UK operations of its subsidiary, Code Camp, by August 31, 2026, to concentrate on its core Australian and New Zealand businesses.
Cluey expects to achieve annual cost savings of approximately A$500,000 by delisting from ASX.