Comms Group's response to ASX queries

Comms Group Limited (ASX: $CCG) has provided responses to the ASX Cleansing Notice-Query letter of 22 February 2024. The company clarified its position on the cleansing notice and addressed queries related to its compliance with the Listing Rules.

Executive Commentary on ASX Queries

On 20 February 2024, the CCG Board reviewed the financial statements for the half year ended 31 December 2023 and approved their execution and release in principle, subject to a final review by external auditors and executive management. The company acknowledges the error in issuing the cleansing notice ahead of releasing the December 2023 half-year financial statements to the market. The Company Secretary instructed the company's share registry to place a holding lock on the issue of ordinary shares to prevent trading until after the release of the financial statements. Comms Group Limited confirms its compliance with the Listing Rules, particularly Listing Rule 3.1. The responses provided have been authorized and approved by the Managing Director of the Company.

Summary of ASX Queries Response

Comms Group Limited responded to ASX queries regarding the cleansing notice, acknowledging the error in the timing of the notice and the steps taken to prevent trading of ordinary shares until the release of the financial statements. The company affirmed its compliance with the Listing Rules, specifically Listing Rule 3.1. Looking ahead, investors can expect the release of the December 2023 half-year financial statements, providing a comprehensive view of the company's financial position and performance for that period.