Babylon Pump & Power's response to ASX query

Babylon Pump & Power Limited (ASX: $BPP) has responded to the ASX query dated 2 January 2024 concerning the change in the price of BPP's securities and the significant increase in the volume of BPP's securities traded on 2 January 2024. The company provided detailed responses to ASX's specific questions and requests for information, addressing concerns related to recent trading activity and compliance with listing rules.

Executive Commentary on ASX Query Response

The Company Secretary, Matthew Goldfinch, confirmed that Babylon Pump & Power Limited is complying with the Listing Rules and that the responses to ASX's questions have been authorized and approved under its published continuous disclosure policy. The company provided explanations for the recent trading in its securities, citing announcements made to the market regarding changes in substantial shareholding and positive trading updates. The response also affirmed the company's awareness of its obligations under Listing Rules 3.1 and 3.1A, emphasizing the commitment to continuous disclosure.

Summary of ASX Query Response and Outlook

Babylon Pump & Power Limited's prompt and comprehensive response to ASX's query demonstrates its commitment to transparency and compliance with listing rules. The company's acknowledgment of the recent trading activity and proactive engagement with ASX's inquiries reflect a dedication to maintaining market integrity. Looking ahead, Babylon Pump & Power Limited aims to continue adhering to its continuous disclosure policy and fulfilling its obligations under the Listing Rules, fostering investor confidence and trust in its operations.