Brief: Geo Says Intention To Delist From NZX Main Board

Geo

07/01/2024 19:34

Jan 8 (Reuters) - Geo  GEO.NZ :
    * INTENTION TO DELIST FROM NZX MAIN BOARD
    * GEO LIMITED IS TOO SMALL TO CONTINUE TO MAINTAIN A STOCK
MARKET
LISTING
    * CURRENT NXZ LISTING IS NOT PROVIDING LIQUIDITY FOR
SHAREHOLDERS
    * CURRENT NZX LISTING IS PROHIBITIVELY COSTLY AND TIME
CONSUMING
TO MANAGE
    * BOARD'S INTENTION IS TO DELIST TO REDUCE COSTS, SAVE TIME
AND
CONTINUE TO SEEK BUYER INTEREST
    * COST SAVINGS ASSOCIATED WITH DELISTING WILL HELP COMPANY
ACHIEVE
CASHFLOW BREAKEVEN IN 2H FY24
    * NZX LIMITED HAS APPROVED CO'S CONDITIONAL DELISTING

Further company coverage:  GEO.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))