In conjunction with its proposed ASX listing, the Company will convene a general meeting to obtain shareholder approval to voluntarily withdraw its listing from NSX, with effect from the date the Company is admitted to ASX.
The decision to proceed with an ASX listing follows a strategic review of the Company's growth objectives after completion of the
Key advantages of the ASX listing include:
- greater ability for the Company to expand its shareholder base by creating improved marketability and liquidity of the Company's securities;
- improved access to equity capital markets and fundraising opportunities to support its growth plans;
- potential to improve the Company's public recognition, commercial standing and investor profile;
- greater exposure for the Company to prospective investors as well as capital to advance its growth objectives and opportunities; and
- facilitate a significant increase to the Company's funding resource, enabling it to progress its expansion plans.
If the Company is successful in its application for admission to the Official List of the ASX, the Board has determined that maintaining dual listings on NSX and ASX would be costly, involve additional compliance requirements, and would be very unlikely to provide any advantage.
Indicative Timetable
ASGG shareholders will be asked to approve the Company's voluntary withdrawal from the Official List of NSX at a general meeting expected to be held in early
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