Pilot Energy Ltd Securities Suspended from Quotation
Key points
- Securities suspended from quotation
- Appointment of voluntary administrators
- Breach of Listing Rule 12.2
- Suspension until compliance achieved
Full summary
Pilot Energy Ltd (ASX: PGY) announced that its securities will be suspended from quotation immediately due to the company's financial condition not meeting the requirements for continued quotation, as per Listing Rule 12.2. This decision follows the appointment of voluntary administrators. The suspension will remain in effect until ASX is satisfied that Pilot Energy Ltd is in compliance with the Listing Rules and it is appropriate for the securities to be reinstated.
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