KEYFACT Energy
Tap Oil announces its intention to delist from the Australian Securities Exchange and to undertake both an opt-out non-marketable parcel buy-back facility and an off-market equal access share buy-back. The Delisting and the Buy Back will be put forward for shareholder approval at a general meeting to be held on 29 October 2020.
The Delisting is considered by the Company’s Board (Board) to be in the best interests of the Company for a number of reasons, including the low levels of trading liquidity of the Company’s shares on ASX and other factors which have lead the Board to conclude that the costs and administrative burden of remaining listed on ASX outweigh any benefits of a continued listing.
KeyFacts Energy: Tap Oil Australia country profile l Energy Industry Directory: OGTC