LBT's Response to ASX Price and Volume Query

LBT Innovations Limited (ASX: $LBT) has responded to ASX's query regarding the recent increase in the price and volume of trading in its securities. The company confirmed its compliance with the Listing Rules and provided detailed responses to ASX's specific questions, addressing the recent trading activity and market speculation.

Executive Commentary on Recent Trading Activity

The Company lodged an announcement with the ASX on the morning of 13 June 2024 which, after further consultation with the ASX, the Company formed the view that it was not market sensitive and withdrew the announcement. The Company believes that the resulting pause in trading and the lift of the pause in trading announcements to the ASX on 13 June 2024 may have resulted in speculation causing the recent increase in trading in its securities. The Company does not consider the volume of securities being traded to be material.

Summary of ASX Response and Outlook

In response to ASX's query, LBT Innovations Limited has affirmed its compliance with the Listing Rules and provided explanations for the recent trading activity in its securities. The company clarified that the increase in trading may have been influenced by the withdrawal of a non-market sensitive announcement, leading to speculation. LBT's proactive engagement with ASX demonstrates its commitment to transparency and compliance. Looking ahead, the company aims to maintain open communication with the market and uphold its continuous disclosure obligations.