Response to ASX Price Query
Released
Released
Announcement PDF
ASX Announcement
27 NOVEMBER 2023
ASX RELEASE ǀ CLEARVUE TECHNOLOGIES LIMITED
(ASX:CPV | OTC:CVUEF)
Dale Allen
Manager, Listings Compliance
ASX Compliance (Perth)
Dear Dale,
RESPONSE TO ASX PRICE QUERY
We refer to your letter dated 27 November 2023 in relation to the above and provide the following
responses to your questions:
1. The Company is not aware of any information concerning it which has not been announced to the
market, which if known by some in the market, could explain the recent trading in its securities.
2. Not applicable
3. The Company is not aware of any specific information which would explain the recent increase in
the price of the Company’s securities, other than its recent announcements relating to the
appointments of new licensed distributors in the United States and South Africa (November), the
recent sale in the US for a solar greenhouse project (October) and its price sensitive
announcements about its Gen-2 IGUs surpassing the Singapore BCA Greenmark Platinum in
testing and confirmation of its ability to mass-scale manufacture its products (both in September).
The company believes that the current price movements may be reflective of the fact that the
market is beginning to understand that the net effect of the Company’s efforts over the last 12+
months, reflected through each such announcement, has positioned the Company to execute on
its stated commercialisation model and path to market including through licensed manufacturers
and distributors - and that the appointment of each new licensee further confirms the Company’s
capacity to execute globally and at-scale.
4. The Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
5. The above responses have been approved by the Chairman of the Company.
Authorised by the Chairman of ClearVue Technologies Limited.
1
Suite 7 / 567 Newcastle Street, West Perth, Western Australia 6005
P: +61 8 9220 9020
F: +61 8 9220 9029
E: hello@clearvuepv.com
W: www.clearvuepv.com
27 November 2023
Reference: 85555
Mr Harry Miller
Company Secretary
Clearvue Technologies Limited
By email:
Dear Mr Miller
Clearvue Technologies Limited (‘CPV’): Price - Query
ASX refers to the following:
A. The change in the price of CPV’s securities from a closing price of $0.455 on 23 November 2023 to an
intraday high at the time of writing of $0.645, today, 27 November 2023.
B. The significant increase in the volume of CPV’s securities traded from 23 November 2023 to 27 November
2023.
Request for information
In light of this, ASX asks CPV to respond separately to each of the following questions and requests for
information:
1. Is CPV 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 CPV relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in CPV’s securities would suggest to ASX that such
information may have ceased to be confidential and therefore CPV 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 CPV may have for the recent trading
in its securities?
4. Please confirm that CPV is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that CPV’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 CPV with delegated
authority from the board to respond to ASX on disclosure matters.
ASX Limited [[Listings]]
#10661977v1
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 3:00 PM AWST Monday, 27 November 2023. 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, CPV’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 CPV to request a trading halt immediately.
Your response should be sent to me by e-mail at ListingsCompliancePerth@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 CPV’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 CPV’s
securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to CPV’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 CPV’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.
Questions
If you have any questions in relation to the above, please do not hesitate to contact me.
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ASX Customer Service Centre 131 279 | asx.com.au
#10661977v1
Yours sincerely
Dale Allen
Manager, Listings Compliance
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ASX Customer Service Centre 131 279 | asx.com.au
#10661977v1
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