Overview of Quickstep Holdings' response to ASX price query

Quickstep Holdings Limited (ASX: $QHL) responded to ASX Compliance's letter dated 9 July 2024, addressing recent share price and volume movements. The company requested and was granted a voluntary trading halt on 9 July 2024 to prepare a response to the ASX price query.

Executive commentary on recent trading and response to ASX query

QHL stated that it is not aware of any undisclosed information that could explain the recent trading in its securities. However, the company highlighted two announcements made via the ASX Market Announcements Office (MAO) on 13 June 2024 and 26 June 2024, regarding development engineering updates and restructuring of the Structures Business Unit, respectively. QHL believes that these announcements, particularly concerning growth markets in drone manufacture and restructuring activities, would have been significant to investors in the international defense and commercial aerospace manufacturing industries. The company confirmed its compliance with Listing Rule 3.1 and stated that its responses to ASX's request for information were authorized and approved by its Board.

Summary of Quickstep Holdings' response and outlook

Quickstep Holdings (ASX: $QHL) responded to ASX's request for information, stating its lack of awareness of undisclosed information explaining recent trading in its securities. The company emphasized the significance of its announcements related to drone manufacture and restructuring activities, believing them to be of importance to investors in the international defense and commercial aerospace manufacturing industries. QHL confirmed its compliance with Listing Rule 3.1 and the authorization of its responses by the Board. The outlook for Quickstep Holdings involves continued adherence to Listing Rules and a commitment to transparent communication with the market.