Last checked at 27 Oct 2022 08:44
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
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For further information regarding this announcement please contact:
Tlou Energy Limited | +61 7 3040 9084 |
Tony Gilby, Managing Director |
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Solomon Rowland, General Manager |
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Grant Thornton (Nominated Adviser) | +44 (0)20 7383 5100 |
Harrison Clarke, Colin Aaronson, Ciara Donnelly |
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Arden Partners (UK Broker) | +44 (0) 20 7614 5900 |
Simon Johnson | |
Public Relations | |
Ashley Seller | +61 418 556 875 |