Lucapa Diamond Company Enters Voluntary Administration, Defers Financial Obligations

Lucapa Diamond Co. ( (AU:LOM) ) has shared an update.

Lucapa Diamond Company Limited has appointed Richard Tucker and Paul Pracilio of KordaMentha as Joint and Several Voluntary Administrators for the company and its associated entities. As part of the administration process, Lucapa will defer its financial reporting obligations and the requirement to hold an Annual General Meeting (AGM) for up to 24 months. This deferral is in accordance with ASIC’s Corporations Instrument 2015/251, which allows companies under external administration to delay these obligations. The AGM originally scheduled for 29 May 2025 will not take place, and Lucapa must hold an AGM within two months after the deferral period ends. The administrators are available to address shareholder queries regarding the administration process.

More about Lucapa Diamond Co.

Lucapa Diamond Company Limited is involved in the diamond industry, focusing on the exploration and mining of diamonds. The company operates several entities, including Heartland Diamonds Pty Ltd, Australian Natural Diamonds Pty Ltd, and Brooking Diamonds Pty Ltd.

YTD Price Performance: -30.0%

Average Trading Volume: 557,199

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$6.45M

See more data about LOM stock on TipRanks’ Stock Analysis page.