from today's 6k-> Dear Shareholders, on behalf of the Board of Directors, I present to you Mission New Energy’s Annual Report for 2019.
The Board has continued to look for opportunities for the Group and on 12 July 2019, the Company announced that it had entered into an agreement to acquire the
business operations of Pilbara Metals Group Pty Ltd. Unfortunately, this transaction could not be completed and was terminated on 31 October 2019.
The Company’s Shares have been suspended from trading on the ASX for 3 years as at 25 November 2019. It is ASX policy to delist a company whose shares have been
suspended from trading for more than 3 years.
The Board will review its options for the company going forward and communicate with shareholders as soon as practically possible.
Corporate
Governance
With the challenging business and economic conditions, the Board has continued to place a high emphasis on Corporate Governance to ensure appropriate, timely and
considered decision making. Despite the challenges that the Group has faced, the Board has successfully stayed cohesive and committed to finding value for shareholders.
My heartfelt appreciation and thanks to my fellow directors and well-wishers for outstanding contributions and support that we always have come to rely upon time after
time and a very special thanks to all our shareholders, business partners and associates for the support.
Dato’
Nathan
Mahalingam
Chairman/ Chief Executive Officer
