Berkeley Energia Limited ASX Trading Halt (0433R)
November 02 2021 - 2:15AM
UK Regulatory
TIDMBKY
RNS Number : 0433R
Berkeley Energia Limited
02 November 2021
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 2 November 2021
ASX Trading Halt
Berkeley Energia Limited ("Berkeley" or "Company") advises that
trading in the shares of the Company have been halted on the
Australian Securities Exchange ("ASX") today, 2 November 2021. The
halt was requested by the Company pending an announcement. The
Company advises that it has received a claim from Singapore Mining
Acquisition Co Pte Ltd (a subsidiary of the Oman Investment
Authority ("OIA"), formerly the State General Reserve Fund of Oman)
in relation to the investment agreement and convertible note
entered into in 2017. The claim alleges that the principle amount
of US$65 million of the convertible note is immediately payable by
the Company due to allegations that the investment agreement and
convertible note have been frustrated, repudiated and/or an event
of default has occurred.
The Company strongly disputes the allegations and claim made by
OIA and is currently seeking legal advice in relation to the
matter.
The trading halt on ASX will remain until the earlier of an
announcement to the market regarding the above or the opening of
trade on ASX on 4 November 2021.
Trading in the Company's ordinary securities will continue as
normal on the London and Spanish exchanges during this period.
For further information please contact:
Robert Behets Dylan Browne
Acting Managing Director CFO and Company Secretary
+61 8 9322 6322
info@berkeleyenergia.com
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END
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