REG - Tlou Energy Ltd - ASIC investigation concluded

TLOU EnergyAnnouncement

27/10/2022 08:45

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RNS Number : 2611E  Tlou Energy Ltd  27 October 2022

 

27 October 2022

 

Tlou Energy Limited

("Tlou" or "the Company")

 

ASIC investigation concluded

 

 

 

Tlou Energy Limited refers to its announcement dated 9 September 2022 in which
it advised the market that the Australian Securities & Investments
Commission (ASIC) had commenced an investigation into certain statements made
by the Company in ASX announcements and other documents, including the
Company's ASX announcement on 16 February 2021 titled 'Carbon Neutrality' and
20 October 2021 titled 'Clean Energy For Botswana and Beyond'.

ASIC has concluded its investigation and issued infringement notices to Tlou
in relation to this matter. Tlou has paid the amount of $53,280 pursuant to
these infringement notices. Tlou does not accept that it contravened any
provision of the Corporations Act 2001 (Cth) or the Australian Securities and
Investments Commission Act 2001 (Cth) but agreed to pay the infringement
notice to bring this matter to an end and focus the Company's resources on
development of its power projects. ASIC has advised Tlou that it will not be
taking any further enforcement action arising from its investigation.

 

By Authority of the Board of Directors

Mr. Anthony Gilby

Managing Director

****

For further information regarding this announcement please contact:

 

 Tlou Energy Limited                              +61 7 3040 9084
 Tony Gilby, Managing Director
 Solomon Rowland, General Manager

 Grant Thornton (Nominated Adviser)               +44 (0)20 7383 5100
 Harrison Clarke, Colin Aaronson, Ciara Donnelly

 Arden Partners (UK Broker)                       +44 (0) 20 7614 5900
 Simon Johnson

 Public Relations
 Ashley Seller                                    +61 418 556 875

 

 

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