Overview of Coolabah Metals suspension from quotation

Coolabah Metals Limited (ASX:CBH) has continued its suspension from quotation under Listing Rule 17.3 as per the request of CBH on 14 August 2024. This suspension is pending the release of an announcement related to a proposed re-compliance transaction under Listing Rule 11.1. ASX has exercised its discretions to require the proposed re-compliance transaction to be conditional on approval by CBH's ordinary security holders and to require CBH to re-comply with Chapters 1 and 2 of the Listing Rules.

ASX Compliance's Directive on Coolabah Metals' Suspension

The securities of Coolabah Metals Limited ('CBH') have been suspended from quotation as a result of the pending announcement regarding a proposed re-compliance transaction. ASX has exercised its discretions to ensure that the re-compliance transaction is conditional on approval by CBH's ordinary security holders and to require CBH to re-comply with Chapters 1 and 2 of the Listing Rules. The suspension will continue until CBH has complied with the specified Listing Rules and it is deemed appropriate for CBH's securities to be reinstated to quotation.

Summary of Coolabah Metals' Suspension and Future Reinstatement

Coolabah Metals Limited (ASX:CBH) has been suspended from quotation under Listing Rule 17.3 pending the release of an announcement related to a proposed re-compliance transaction. ASX has directed that the re-compliance transaction be conditional on approval by CBH's ordinary security holders and has mandated CBH to re-comply with Chapters 1 and 2 of the Listing Rules. The securities will remain suspended until CBH fulfills the requirements and it is deemed appropriate for reinstatement to quotation. The company's future reinstatement is contingent upon its compliance with the specified Listing Rules.