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QPM Energy Limited (ASX:QPM)

ALERT: Price-sensitive ASX Announcement for QPM
Current share price for QPM : $0.009 0 (0%)+
Announcement
Release
7 Jul 2026 2:54PM
Price at Release
$0.009
Full Release
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Summary
QPM Energy Limited, along with its subsidiaries, has been placed into voluntary administration with Mark Holland and Anthony Connelly of McGrathNicol appointed as administrators. Additionally, Chris Hill and Ben Campbell of FTI Consulting have been appointed as Receivers and Managers for certain subsidiaries. This step aims to stabilize operations and explore restructuring opportunities. During this period, trading of QPM's shares will remain suspended. The first meeting of creditors is scheduled to occur by July 17, 2026, to discuss the administration's progress and future direction. Further updates will be available on McGrathNicol’s website.
Key Points
  • QPM Energy Limited and its subsidiaries have been placed under voluntary administration.
  • FTI Consulting appointed as Receivers and Managers over certain subsidiaries of QPM.
  • The administration aims to provide stability and explore restructuring options for long-term sustainability.
  • A first statutory meeting of creditors is scheduled within eight days of the administration.
  • Information for creditors will be available on the McGrathNicol website.
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.