Icon Energy Limited (ASX:$ICN) Suspension from Quotation

Icon Energy Limited (ASX:ICN) has been suspended from quotation immediately following the receipt of an announcement regarding a transaction that could lead to a change in its activities. The suspension is in accordance with Listing Rule 17.3 and will remain in effect until ICN complies with Chapters 1 and 2 of the Listing Rules or provides ASX with sufficient information to satisfy ASX that the exercise of discretion is not necessary.

ASX Compliance Announcement

The securities of Icon Energy Limited ('ICN') have been suspended from quotation in line with Listing Rule 17.3 due to the announcement of a transaction that may result in a change of its activities. The suspension will continue until ICN meets the requirements specified in Listing Rule 11.1.3 or provides ASX with adequate information to justify that ASX should not exercise its discretion under Listing Rule 11.1.2 to require the transaction to be conditional on approval by ICN's ordinary security holders, and under Listing Rule 11.1.3 to require ICN to recomply with Chapters 1 and 2 of the Listing Rules.

Icon Energy Limited (ASX:ICN) Suspension Summary

Icon Energy Limited (ASX:ICN) has been suspended from quotation following an announcement about a potential transaction that could lead to a change in its activities. The suspension will continue until ICN fulfills the requirements of Listing Rule 11.1.3 or provides ASX with sufficient information to justify that the exercise of discretion is not necessary. The company's securities will remain suspended until the conditions are met, and ICN complies with the Listing Rules. The announcement indicates a significant development in ICN's activities, and the company will need to address the requirements to resume trading on the ASX.