NOTICE OF 3 CONSECUTIVE YEARS’ LOSSES::NOTICE OF 3 CONSECUTIVE YEARS’ LOSSES
|Announcement Title||Notice of 3 Consecutive Years’ Losses|
|Date & Time of Broadcast||29-May-2020 19:35:53|
|Announcement Sub Title||Notice of 3 Consecutive Years’ Losses|
|Submitted By (Co./ Ind. Name)||Colin Peter Moran|
|Designation||Executive Director cum Chief Executive Officer|
|Description (Please provide a detailed description of the event in the box below – Refer to the Online help for the format)||Please refer to the additional details below.|
|ENECO ENERGY LIMITED hereby gives notice that:|
|(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive|
|(ii) its latest 6-month average daily market capitalisation as at (a) is (b)|
|b) Latest 6-month average daily market capitalisation||S$20,318,121.46|
|The Company wishes to draw investors’ attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:
pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.
Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.