Zeta Resources Limited (ASX:ZER) has requested an immediate voluntary suspension of its securities following the receipt of compulsory acquisition notices from its major shareholder, UIL Limited. The suspension is expected to continue until the completion of the compulsory acquisition process, which is anticipated to be around Wednesday, 16 Oct 2024.
This request for voluntary suspension has been authorized by Zeta's Investment Manager, ICM Limited.
Zeta Resources Limited (ASX:ZER) has requested a voluntary suspension of its securities due to the compulsory acquisition notice received from its major shareholder, UIL Limited. The suspension is expected to remain in place until the completion of the compulsory acquisition process, which is estimated to be around Wednesday, 16 Oct 2024. Zeta Resources aims to maximize total returns for shareholders by identifying and investing in resource assets and companies where the underlying value is not reflected in the market price.