Papyrus Australia (ASX:PPY) has requested a voluntary suspension of its securities from the ASX, effective immediately. This move is in preparation for an important announcement regarding its 'Papyrus Commercialisation Roadmap'. The suspension is anticipated to cease by the start of normal trading on Monday, 25 November 2024, or sooner if the announcement is ready.
Papyrus Australia Limited (ASX:PPY) has initiated a voluntary suspension of its securities on the ASX. This decision was made to facilitate the preparation of a significant update related to its 'Papyrus Commercialisation Roadmap'. The suspension is expected to last until 25 November 2024, or until the announcement is disclosed, aiming to provide a comprehensive update to stakeholders. The company has adhered to ASX Listing Rule 17.2 requirements, ensuring transparency. Papyrus Australia focuses on sustainable technologies, particularly converting banana tree waste into usable products, and this announcement may indicate a strategic development.
The company seeks a voluntary suspension to prepare an important announcement regarding its commercialisation roadmap, which is pivotal for its stakeholders.