Amani Gold's application for delisting from ASX

Amani Gold Limited (ASX:ANL) has formally applied to be removed from the official list of ASX under ASX Listing Rule 17.11. The application follows in-principle advice from ASX indicating a likely agreement to remove the Company from the Official List, subject to shareholder approval and compliance with specified conditions.

Board's rationale for delisting

The board of Amani Gold Limited has determined that the delisting from the Official List is in the best interests of security holders due to reasons including the company's suspension from trading on the ASX, lack of liquidity, listing costs, limited operations, and the minimal benefit from being listed on ASX. The delisting is seen as a practical decision given the current circumstances.

Consequences and shareholder remedies

If the delisting is approved, Amani Gold's securities will no longer be quoted or traded on ASX, and shareholders' CHESS holdings will be converted to the certificated sub-register on the Company's share register. The company will continue to be subject to continuous disclosure obligations under the Corporations Act, and shareholders will retain their rights to receive notices, exercise voting rights, and receive dividends. Shareholders have the option to apply to the Court or the Takeovers Panel if they consider the delisting to be contrary to their interests. The proposed delisting is subject to shareholder approval at the annual general meeting to be held on 8 November 2024.