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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Enhanced System | LSE:ESTL | London | Ordinary Share | AU000000ESY7 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMWAS
RNS Number : 1814W
Wasabi Energy Limited
23 December 2013
23 December 2013
Wasabi Energy Limited
("Wasabi," "the Group" or "the Company")
Temporary Suspension
At the request of the Company, trading on AIM of ordinary shares in Wasabi Energy Limited has been temporarily suspended, pending clarification of the Company's financial position, from 7.30am on 23 December 2013.
The Company is completing a Non-renounceable Rights Issue and is awaiting notification of the amount raised from its UK based registrar as well as its Australian registrar. Current indications, however, suggest that the Company will not have sufficient acceptances of the rights to allow the Company to repay its secured loan notes of a total value of AUD$8 million (including interest) which are now due. The Directors will consider the final amount raised under the Offer with regard to its financial obligations and proposed use of funds as set out in the Offer Document and are currently in discussions with the loan note holders regarding repayment, with third parties to place any shortfall of the rights issue and in relation to the Company's Tuzla project. There is no guarantee that such discussions will be successful.
A further announcement will be made as soon as possible once the Company has confirmed acceptances under the rights issue and, following that, on discussions with loan note holders and third parties and therefore have further clarity on the Company's financial position.
The Directors have also requested a temporary suspension of trading of its ordinary shares on the ASX, which will remain until 3 January 2014.
For further information contact
Australian Enquiries
Mr. John Byrne
Wasabi Energy Limited
Ph: +61 (0)3 9663 7132
U.K. Investor Enquiries
Beth McKiernan/ Ivonne Cantu / Neil McDonald
Cenkos Securities plc
Ph: +44 (0)207 397 8900 / +44 (0) 131 220 9778
U.K. Media Enquiries
Mr. Josh Royston / Ms. Hilary Millar
Newgate Threadneedle
Ph: +44 (0) 207 653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
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