Alita Resources Granted Extension for FY2025 AGM – Key Shareholder Update

Summary of Key Developments

• Alita Resources Limited has received approval from the Australian Securities and Investments Commission (ASIC) for an extension to hold its FY2025 Annual General Meeting (AGM).
• The deadline to convene the AGM has been extended from 30 November 2025 to 28 February 2026.
• The extension was granted due to the company’s dual-audit obligations in both Australia and Singapore, as well as the time required for consultation with the Singapore Exchange Securities Trading Limited (SGX-ST).
• Alita Resources is still awaiting feedback from SGX-ST regarding its waiver and/or extension-of-time application, which may further impact its regulatory timetable.
• The extension is expected to provide the company adequate time to complete all remaining audit and regulatory processes, ensuring compliance with Australian corporate law and Catalist SGX-ST requirements.
• Shareholders are encouraged to direct any questions about the extension or the timing of the FY2025 AGM to [email protected].
• The company has committed to making further announcements should there be any material developments.

Important Details for Shareholders

• Potentially Price-Sensitive Information: The AGM extension is a regulatory event that could impact investor confidence and share price, particularly if it relates to unresolved audit or compliance matters. Delays in AGMs and annual reporting sometimes signal underlying operational, regulatory, or financial issues that investors should monitor closely.
• Outstanding Regulatory Responses: The company is still waiting for SGX-ST’s decision regarding its waiver and/or extension application. Any adverse or favorable outcome could have a material effect on Alita’s continued listing status and market perception.
• Commitment to Transparency: Alita Resources’ board has reassured shareholders that it will keep them informed of any significant updates, demonstrating a commitment to regulatory compliance and open communication.
• Board Oversight: The announcement was signed by Non-Executive Independent Chairman Mel Ashton and Executive Director Paul O’Farrell, indicating direct oversight by senior management.
• SGX-ST Disclaimer: The announcement was reviewed by the company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., but not by SGX-ST itself. The exchange is not responsible for the content or accuracy of statements made.

Potential Impact on Share Price

The extension granted by ASIC allows Alita Resources more time to resolve complex audit and regulatory requirements that stem from operating in both Australia and Singapore. While the extension itself is procedural, it may be interpreted by investors as a sign of ongoing compliance or audit challenges. Should the company face delays in audit completion or regulatory approvals from SGX-ST, or should any material issues arise during this extended period, it could affect investor sentiment and consequently, share price. Conversely, successful resolution and compliance could restore confidence and positively impact valuation.

Shareholders should remain vigilant and monitor further company announcements, particularly regarding the SGX-ST’s decision and completion of audit processes.

Contact and Further Information

For further questions regarding the AGM extension or company affairs, shareholders can email [email protected]. The company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., can be contacted at [email protected].

Disclaimer

This article is for informational purposes only and does not constitute financial advice or an offer to buy or sell securities. Investors are advised to conduct their own due diligence and consult with professional advisors before making any investment decisions. The information presented is based on company disclosures and may be subject to change as further regulatory updates are announced.

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