Duxton Farms Ltd's Response to ASX Query

Duxton Farms Ltd (ASX: $DBF) has responded to an ASX 'General - Aware Query' regarding the sale of its 'Timberscombe' property. The company confirmed that the information is considered to have a material effect on the price or value of its securities and that it became aware of the information on Thursday, 11 April 2024 at 2:31pm (Adelaide time). Duxton Farms also explained the timing of the announcement's release and affirmed its compliance with Listing Rule 3.1.

Executive Commentary on ASX Query Response

The reference to the execution of the sale 'this morning' contained in the announcement is an administrative oversight, due to the expected timing of completion during the drafting process for the announcement in anticipation of completion. The Company did not receive confirmation of the sale until 2:31 pm on Thursday, 11 April 2024, and therefore acted promptly and without delay by releasing the announcement at 3:31 pm. The responses to the ASX query have been authorised and approved by the Board.

Summary of ASX Query Response

Duxton Farms Ltd (ASX: $DBF) has confirmed its compliance with Listing Rule 3.1 and timely disclosure in response to an ASX query regarding the sale of its 'Timberscombe' property. The company clarified the timing of becoming aware of the information and explained the administrative oversight in the announcement. Duxton Farms assured its commitment to adhering to the Listing Rules and promptly addressing the ASX query. The company's response indicates its proactive approach to regulatory compliance and transparent communication with the market.