Response to ASX Price Query
Released
Released
Announcement PDF
BPH GLOBAL LTD
ACN 009 104 330
26 November 2024
Yulia Gurdina
ASX Compliance
20 Bridge Street
Sydney NSW 2000
Dear Yulia
Response to ASX Price Query
BPH Global Ltd (Company) refers to your leHer dated 26 November 2024.
Using the quesMon numbering in your leHer, the Company responds as follows:
1. No. However, the Company is in the final stages of negoMaMng the terms of an
outsourcing research and development consultancy agreement with TP InnovaMon
Holdings Pte Ltd on behalf of Temasek Polytechnic in Singapore.
As foreshadowed on page 2 (second bullet point) of the Company’s ASX
announcement dated 26 November 2024, the proposed outsourcing agreement
relates to Phycomining and fermentaMon to unlock nutraceuMcals and criMcal
minerals and conducMng a feasibility study on the efficacy of deploying Phycomining
techniques (the use of aquaMc hyperaccumulator biomasses to bioaccumulate
higher concentraMons of metals in seaweed culMvated in seawater) to:
o determine whether levels of metals that are found in seaweed occur in natural
quanMMes or in unnaturally high concentraMons when the seaweed is culMvated
in polluted waters; and
o develop techniques to recover valuable metals from the seaweed biomass.
We anMcipate that the terms of the proposed agreement will be finalised, and the
agreement executed within the next 24-48 hours. This proposed agreement has
remained confidenMal, and the Board is not aware of any breach of this
confidenMality.
2. Not applicable given response above.
3. No.
4. The Company is in compliance with the ASX LisMng Rule and in parMcular, LisMng Rule
3.1.
5. The responses have been approved by the Board.
Yours faithfully
Justyn Stedwell
Company Secretary
BPH Global Ltd
26 November 2024
Reference: 103734
Mr Justyn Stedwell
Company Secretary
BPH Global Ltd
Block Arcade Office
324, Level 3 96 Elizabeth St
MELBOURNE VIC 3000
By email
Dear Mr Stedwell
BPH Global Ltd (‘BP8’): Price - Query
ASX refers to the following:
A. The change in the price of BP8’s securities from a low of $0.004 to a high of $0.006 today, Tuesday, 26
November 2024.
B. The significant increase in the volume of BP8’s securities traded today.
Request for information
In light of this, ASX asks BP8 to respond separately to each of the following questions and requests for
information:
1. Is BP8 aware of any information concerning it that has not been announced to the market which, if known
by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is “yes”.
(a)
Is BP8 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in BP8’s securities would suggest to ASX that such information
may have ceased to be confidential and therefore BP8 may no longer be able to rely on Listing
Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us
immediately to discuss the situation.
(b)
Can an announcement be made immediately? Please note, if the answer to this question is “no”,
you need to contact us immediately to discuss requesting a trading halt (see below).
(c)
If an announcement cannot be made immediately, why not and when is it expected that an
announcement will be made?
3. If the answer to question 1 is “no”, is there any other explanation that BP8 may have for the recent trading
in its securities?
4. Please confirm that BP8 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that BP8’s responses to the questions above have been authorised and approved under its
published continuous disclosure policy or otherwise by its board or an officer of BP8 with delegated
authority from the board to respond to ASX on disclosure matters.
ASX Limited [[Listings]]
#10832074v1
ASX Customer Service Centre 131 279 | asx.com.au
When and where to send your response
This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in
any event, by no later than 1:30 PM AEDT on Tuesday, 26 November 2024. You should note that if the
information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it
does not fall within the exceptions mentioned in Listing Rule 3.1A, BP8’s obligation is to disclose the
information ‘immediately’. This may require the information to be disclosed before the deadline set out in the
previous paragraph and may require BP8 to request a trading halt immediately.
Your response should be sent to me by e-mail at ListingsComplianceSydney@asx.com.au. It should not be sent
directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that
it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements
Platform.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes”
and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to
request a trading halt in BP8’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:
the reasons for the trading halt;
how long you want the trading halt to last;
the event you expect to happen that will end the trading halt;
that you are not aware of any reason why the trading halt should not be granted; and
any other information necessary to inform the market about the trading halt, or that we ask for.
We require the request for a trading halt to be in writing. The trading halt cannot extend past the
commencement of normal trading on the second day after the day on which it is granted. You can find further
information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
Suspension
If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in BP8’s
securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to BP8’s obligations under Listing Rules 3.1 and 3.1A and
also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that BP8’s obligation
to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the
questions set out in this letter.
Release of correspondence between ASX and entity
ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence
between us to the market under Listing Rule 18.7A.
Regards
ASX Compliance
2/2
ASX Customer Service Centre 131 279 | asx.com.au
#10832074v1
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