Sanergy Group Ltd. Issues Clarification on Rights Issue and Listing Rules Implications

Reuters
14 Jul
Sanergy Group Ltd. Issues Clarification on Rights Issue and Listing Rules Implications

Sanergy Group Ltd. has issued a supplemental announcement to clarify details regarding its Rights Issue. The company confirmed that it has not conducted any rights issue, open offer, or specific mandate placing within the past 12 months. Additionally, the Rights Issue will not increase the company's issued shares or market capitalization by more than 50% and is not underwritten by any director or substantial shareholder, thus not requiring shareholder approval under the Listing Rules. The clarification was issued by the company's Board Chairman, Peter Brendon Wyllie.

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