Energy Resources of Australia voluntary suspension request

Energy Resources of Australia Limited (ASX:ERA) has requested a voluntary suspension from the quotation of its fully paid ordinary shares, effective from the commencement of trading on September 2, 2024. The suspension is pending the release of an announcement related to the pro rata renounceable entitlement offer announced by the company on August 29, 2024. The company anticipates releasing the announcement prior to the commencement of trading on September 3, 2024.

Company's voluntary suspension rationale

The voluntary suspension from quotation has been requested by Energy Resources of Australia Limited to facilitate the release of an announcement regarding the pro rata renounceable entitlement offer. The company aims to ensure that the market is informed about the forthcoming announcement and has taken this voluntary action in accordance with ASX Listing Rule 17.2. The suspension is expected to be lifted upon the release of the announcement, providing transparency and clarity to the market.

Summary of ERA's voluntary suspension and outlook

Energy Resources of Australia Limited's voluntary suspension from quotation, in anticipation of the forthcoming announcement related to the pro rata renounceable entitlement offer, reflects the company's commitment to transparent and timely market communication. The company's proactive approach aligns with regulatory requirements and demonstrates its dedication to keeping shareholders and the market informed. As the announcement is expected to be released before the commencement of trading on September 3, 2024, stakeholders can anticipate a prompt update regarding the pro rata renounceable entitlement offer, contributing to a clearer understanding of ERA's corporate developments and strategies.