Announcement
HALT: NZXR: Aorere Resources Limited ("AOR") - Suspension of quotation
08:42am
NZXR
06/04/2020 08:42
HALT
NOT PRICE SENSITIVE
REL: 0842 HRS NZX Regulation
HALT: NZXR: Aorere Resources Limited ("AOR") - Suspension of quotation
Memorandum
To: Market Participants
From: NZX Regulation
Date: Monday, 6 April 2020
Subject: Aorere Resources Limited ("AOR") - Suspension of quotation
Message:
NZX Regulation ("NZXR") advises that it has suspended the quotation of AOR
ordinary shares. The suspension of quotation was placed pre-market open
today.
NZXR has suspended the quotation of AOR ordinary shares after the
announcement by AOR that it had entered into a conditional agreement to
acquire All Industrial Network Limited, a company with the purpose of
acquiring businesses in the mining, engineering and construction services
sectors (the "Acquisition").
The Acquisition constitutes a reverse listing which, in accordance with NZX
guidance, triggers a suspension of quotation. This process is contemplated by
the NZX Guidance Note on Backdoor and Reverse Listing Transactions and is
designed to ensure that the shares in an Issuer can only be traded where the
market is fully informed about all material aspects of a potential
acquisition in the context of a reverse listing transaction.
The suspension will remain in place until information contemplated by a
Notice of Meeting and/or Profile is disclosed to the market.
Please see the NZX Guidance Note on Backdoor and Reverse Listing Transactions
for further detail about the information contemplated by a Notice of Meeting
or Profile, and when NZX may exercise its discretion under NZX Listing Rule
1.11.1 -
https://www.nzx.com/regulation/nzx-rules-guidance/nzx-mo-announcements/guidan
ce-notes
Please contact NZX Product Operations on +64 4 496 2853 or
productoperations@nzx.com with any queries.
ENDS
End CA:00351304 For:NZXR Type:HALT Time:2020-04-06 08:42:17
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