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Botala Energy Ltd. ( (AU:BTE) ) has provided an announcement.
Botala Energy Ltd announced the outcome of corrective actions following an inadvertent breach of ASX Listing Rule 10.11, involving a director’s spouse subscribing for shares. The company conducted an internal review, leading to recommendations for policy updates and procedural changes to prevent future breaches. The board has adopted a new Listing Rule 10.11 Compliance Policy and re-approved the Securities Trading Policy. Additionally, the company facilitated the off-market sale of shares involved in the breach to a non-related investor, ensuring no profit or loss.
More about Botala Energy Ltd.
Botala Energy Ltd is an ASX-listed company specializing in Coal Bed Methane (CBM) exploration and development. The company is focused on its 100% owned Serowe CBM Project in Botswana, aiming to capitalize on the demand for stable power supply in Botswana and Southern Africa. Botala is also exploring early-stage renewable energy opportunities and is listed on both the Australian Securities Exchange and the Botswana Stock Exchange.
Average Trading Volume: 71,167
Technical Sentiment Signal: Sell
Current Market Cap: A$18.43M
See more data about BTE stock on TipRanks’ Stock Analysis page.