MNC - Merino & Co. Limited

[System]

Established in 2013, Merino & Co is a branded lifestyle clothing and accessories company based in Perth, Western Australia. The Company manufactures, markets and sells wool apparel and accessories, predominately featuring fine Merino wool, to both Australian and international markets.

Merino & Co is a vertically integrated Company, involving the manufacture, marketing and sale of wool products. The Company has over 600 points of sale spanning across Australia, selling wool clothing and accessories from its own showrooms as well as at duty free shops, airports, boutique shops, tourism sites, and generally via wholesalers and agents. The Company has also been exporting and selling direct to international markets, including China, Japan and North America, where high-quality wool products are in higher demand owing to colder climates.

The Company is seeking to raise up to $7,500,000 (before costs) through the issue of up to 37,500,000 Shares at a price of $0.20 per Share.

It is anticipated that MNC will list on the ASX during October 2024.

MerinoSnug | Australian Made Merino Wool Knitwear Clothing

Proudly Australian owned and made, MerinoSnug is the ultimate in sustainable luxury merino wool knitwear and accessories.

www.merinosnug.com.au

 

[Dona Ferentes]

Listing date	04 October 2024 #
Contact details	https://www.merinosnug.com.au/ Ph: 08 9302 2659
Principal Activities	Export and distribution of merino wool products
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	MNC
Capital to be Raised	$7,500,000
Expected offer close date	20 September 2024
Underwriter	Not underwritten. Lodge Corporate Pty Ltd (Lead Manager).

 

[Dona Ferentes]

and today

Merino & Co Ltd (MNC) requests a trading halt

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effective immediately, pending a response to an ASX Price Query.

 

[Dona Ferentes]

liquid ...itty. after 2 day wait

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REPrice Query
I refer to your letter of 5 November 2024 and respond as follows:
1) The Company is not aware of any information that has not been announced to the ASX which may explain the increase in trading of the securities of Merino & Co Ltd.
2) N/A
3) The Company can only speculate that the increase in price is as a result of positive press exposure following its successful listing on ASX, which has raised its profile.
4) The Company confirms that it is in compliance with the Listing Rules and in particular Listing Rule 3.1.
5) The Company confirms that MNC’s responses to the questions above have been authorised by the Board.