Lake Resources' response to ASX query

Lake Resources NL (ASX: $LKE) has responded to ASX's query letter dated 28 February 2024 regarding trading during a closed period. The company provided explanations for the Security Holding Changes and their compliance with the Trading Policy.

Executive commentary on Security Holding Changes and compliance

Yes, LKE is of the view that each of the Security Holding Changes complied with the Trading Policy as they were Excluding Dealings. The Security Holding Changes related to the conversion of restricted stock units (RSUs) into ordinary shares, which were part of an employee incentive scheme. Therefore, the company believes that the Security Holding Changes were in line with the Trading Policy.

Summary of ASX query response and outlook

Lake Resources (ASX: $LKE) has provided a detailed response to ASX's query regarding the Security Holding Changes and compliance with the Trading Policy. The company explained that the Security Holding Changes were part of an employee incentive scheme and were considered Excluded Dealings under the Trading Policy. Lake Resources confirmed compliance with the Listing Rules and stated that the responses to the ASX query were authorized and approved. The outlook indicates the company's commitment to transparency and adherence to regulatory requirements.