Triangle Energy (Global) Ltd Shares Suspended from Quotation
Key points
- Triangle Energy (Global) Ltd securities suspended from quotation
- Appointment of voluntary administrators announced
- Breach of Listing Rule 12.2 due to inadequate financial condition
- Suspension to continue until compliance with Listing Rules is confirmed
Full summary
Triangle Energy (Global) Limited (ASX: TEG) announced that its securities will be suspended from quotation immediately in accordance with Listing Rule 17.3. This decision follows the company's announcement of the appointment of voluntary administrators, which led ASX to determine that TEG's financial condition is not adequate to warrant the continued quotation of its securities, breaching Listing Rule 12.2. The suspension will remain in effect until ASX is satisfied that TEG is in compliance with the Listing Rules and that it is appropriate to reinstate the securities to quotation.
Outlook
The company's securities will remain suspended until compliance with Listing Rules is confirmed.
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