InvestSMART

Birddog Technology Limited (ASX:BDT)

ALERT: Price-sensitive ASX Announcement for BDT
Current share price for BDT : $0.060 0.011 (22.45%)+
Announcement
Release
23 Jun 2025 9:16AM
Price at Release
$0.049
Full Release
download
Summary
This document is an announcement by Birddog Technology Limited (BDT) regarding updates on its proposed delisting from the Australian Securities Exchange (ASX), the determination of its buy-back price, and details for an upcoming General Meeting. The Board has resolved to put forward a Resolution to delist BDT from the ASX, citing continuing low trading volumes, high compliance costs, and a lack of tangible benefits from remaining listed. The company will facilitate a capital return through an off-market share buy-back at a specified price per share. Shareholders are invited to vote on the proposed delisting and related matters at a General Meeting, and details of the meeting, as well as the rationale and mechanics for the buy-back, are provided in the document.
Key Points
  • Birddog Technology Limited proposes to delist from the ASX.
  • Low trading volumes and high ongoing costs are cited as primary reasons for delisting.
  • A Resolution for delisting will be put to shareholders at a forthcoming General Meeting.
  • An off-market share buy-back is planned to return capital to shareholders.
  • The buy-back price per share has been determined and is disclosed in the document.
  • Shareholders are provided with the rationale and full details about the delisting and buy-back process.
  • Details of the General Meeting, including time, venue, and instructions for voting, are provided.
  • Directors unanimously recommend shareholders vote in favor of the delisting and buy-back.
  • The document outlines tax implications, procedural steps, and expected timeline for the delisting and capital return.
  • Shareholders who do not participate in the buy-back will remain holders in a private, unlisted company.
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.