Aussie Broadband Limited (ASX: $ABB) seeks injunction against Superloop notice

Aussie Broadband Limited (ASX: $ABB) has taken legal action against Superloop Limited (ASX: $SLC) by commencing proceedings in the Federal Court of Australia to seek injunctions to set aside a notice received from Superloop directing ABB to dispose of a significant number of fully paid ordinary shares in Superloop within a specified timeframe.

Executive Commentary

ABB has commenced legal proceedings in the Federal Court of Australia against Superloop and its directors to seek injunctions to set aside the notice received. The company has also applied to the Info-communications Media Development Authority of Singapore (IMDA) for approval of the acquisition of the shares in question. ABB remains committed to fulfilling its legal obligations and will work diligently to provide the IMDA with the necessary information to support its application for approval.

Summary

Aussie Broadband Limited (ASX: $ABB) has taken decisive legal action by initiating proceedings in the Federal Court of Australia against Superloop Limited (ASX: $SLC) to seek injunctions to set aside a notice directing ABB to dispose of a significant number of fully paid ordinary shares in Superloop. The company has also submitted an application to the IMDA for approval of the acquisition of the shares in question. ABB emphasizes its commitment to fulfilling its legal obligations and will continue to cooperate with the IMDA to support its application for approval.