Namoi Cotton Ltd Suspended from Quotation
Key points
- Namoi Cotton Ltd (ASX: NAM) securities suspended from quotation
- Suspension follows compulsory acquisition notice from Louis Dreyfus Company
- Suspension effective at close of trading on Tuesday, 22 October 2024
Full summary
Namoi Cotton Ltd (ASX: NAM) has been suspended from quotation on the Australian Securities Exchange (ASX) effective at the close of trading on Tuesday, 22 October 2024. The suspension follows the despatch of a compulsory acquisition notice by Louis Dreyfus Company Melbourne Holdings Pty Ltd. Under Listing Rule 17.4, ASX has suspended the securities of Namoi Cotton Ltd from quotation. The compulsory acquisition notice was issued after Louis Dreyfus Company Melbourne Holdings Pty Ltd acquired a relevant interest in more than 90% of Namoi Cotton Ltd's shares, allowing it to proceed with the compulsory acquisition of the remaining shares. The suspension of Namoi Cotton Ltd's securities from quotation is a standard procedure following the initiation of a compulsory acquisition process.
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