InvestSMART

Cluey Ltd (ASX:CLU)

ALERT: Price-sensitive ASX Announcement for CLU
Current share price for CLU : $0.010 0.003 (42.86%)+
Announcement
Release
25 Jun 2026 9:25AM
Price at Release
$0.007
Full Release
download
Summary
Cluey Ltd is proposing a voluntary delisting from the Australian Securities Exchange (ASX) to become an unlisted public company. The Board believes that this transition will enable the company to pursue strategic opportunities and access capital on more favorable terms, without the constraints of thin trading volumes and high administrative costs associated with ASX listing. The delisting is expected to save around A$500,000 annually. A Minimum Holding Buy-Back will be conducted to allow shareholders with less than marketable parcels of shares to sell their shares back to the company. The delisting process will commence following shareholder approval and the shares will no longer be tradeable on the ASX. Cluey will continue to be subject to certain provisions of the Corporations Act as an unlisted entity, and shareholders will retain the benefit of takeover protections.
Key Points
  • Cluey Ltd is transitioning from an ASX-listed entity to an unlisted public company.
  • The Board believes delisting will allow Cluey to focus on long-term value creation for shareholders.
  • Low trading volumes and high concentration of shareholdings among a few investors have made the market for Cluey's securities illiquid.
  • Delisting is expected to save approximately A$500,000 annually in ASX-related costs.
  • Cluey will conduct a 'Minimum Holding Buy-Back' for shareholders with less than marketable parcels of shares.
  • The delisting will take place no earlier than one month after shareholder approval.
  • Cluey's shares will no longer be quoted or traded on the ASX after the delisting.
  • The Board recommends shareholders vote in favor of the delisting.
  • Shareholders will have the benefit of takeover protections under the Corporations Act.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.