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GR ENGINEERING SERVICES LIMITED — Regulatory Filings 2017
Aug 17, 2017
65003_rns_2017-08-17_bfffe0d7-12eb-4a97-bc43-eeade1b7faea.pdf
Regulatory Filings
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MARKET RELEASE
18 August 2017
GR Engineering Services Limited
SUSPENSION FROM OFFICIAL QUOTATION
The securities of GR Engineering Services Limited (the “Company”) will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.
Security Code: GNG
Hayley Pratt
ADVISER, LISTINGS COMPLIANCE (PERTH)
Level 40 Central Park www.asx.com.au 152-158 St Georges Terrace Customer service 13 12 79 Perth WA 6000
ASX Compliance Pty Limited ABN 26 087 780 489
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18 August 2017
Hayley Pratt Adviser, Listings Compliance (Perth) Australian Securities Exchange Level 40, Central Park 152 ‐ 158 St Georges Terrace PERTH WA 6000
By email:
[email protected] [email protected]
For immediate release to the market
Request for Voluntary Suspension
We refer to the trading halt granted to GR Engineering Services Limited (GNG.ASX) ( GR Engineering or Company ) on 16 August 2017.
Pursuant to ASX Listing Rule 17.2, the Company requests a voluntary suspension of its securities from the commencement of trading on 18 August 2017.
The Company provides the following information regarding this request:
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The reason for the voluntary suspension is for the Company to manage its continuous disclosure obligations in relation to the following matters:
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(a) the Supreme Court of Western Australia proceedings between GR Engineering and Eastern Goldfields Limited ( Eastern Goldfields ), details of which GR Engineering announced to ASX on 11 July 2017 and the impact to those proceedings of the appointment and subsequent removal of a liquidator to Eastern Goldfields between 16 and 17 August 2017 respectively; and
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(b) GR Engineering Services (UK) Ltd ( GRES UK ) (a wholly owned subsidiary of the Company), receiving from Wolf Minerals (UK) Ltd ( Wolf ) (a wholly owned subsidiary of Wolf Minerals Ltd (WLF.ASX)) on 17 August 2017 a claim notice and notice of intention to call on a performance bond that GRES UK provided Wolf pursuant to the EPC contract for the Hemerdon Tungsten & Tin Project which GRES UK completed in October 2015.
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The Company requests that the suspension remain in place until the earlier of the commencement of normal trading on Tuesday, 22 August 2017, or until the release of an announcement in relation to the matters referred in paragraph 1.
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The event that will end the voluntary suspension is the announcement referred to in paragraph 2.
The Company is not aware of any reason why the voluntary suspension should not be granted or any further information necessary to inform the market about the voluntary suspension.
Ends.
For further information please contact:
Geoff Jones
Managing Director
- +61 8 6272 6000 [email protected]
Joe Totaro
CFO & Company Secretary +61 8 6272 6000
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GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: [email protected] Website: www.gres.com.au PO Box 258, Belmont WA 6984 179 Great Eastern Highway, Belmont WA 6104
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GR Engineering Services Limited (ASX:GNG) is an ASX listed engineering design and construction contractor specialising in fixed price engineering design and construction services to the resources and mineral processing industry.
GR Engineering has successfully completed the engineering design and construction of projects for a diverse range of clients, including global mining houses, mid-tier miners and junior developers undertaking their first project. Traditionally an EPC contractor, GR Engineering also has the ability to contract through a variety of models, including EPCM and hybrid contracting arrangements.
GR Engineering also has a long history of providing a diverse range of process engineering consulting services, including feasibility study preparation and management, process design and peer review engagements. These services have been delivered for projects globally and play a key role in delivering organic growth opportunities through design and construction project execution.
The Company also has a presence in the hydrocarbons industry via its wholly owned subsidiary, Upstream Production Solutions. Upstream Production Solutions is a leading provider of operations and maintenance and well management services to the Australian and South East Asian oil and gas industry.
As a group, GR Engineering employs more than 450 professional and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.
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