ASX Approves Cluey Ltd Delisting Request Subject to Shareholder Vote
Cluey Ltd has formally requested voluntary delisting from the ASX, with the exchange agreeing in principle subject to shareholder approval and regulatory conditions. A general meeting is scheduled for 13 August 2026 to vote on the proposal.
- ASX agrees to delisting subject to shareholder special resolution
- Minimum one-month notice period post-approval before delisting
- Shareholders urged to sell shares before removal from ASX
- Delisting vote set for 13 August 2026 general meeting
- Code Camp UK operations to close by August 2026
ASX Grants Conditional Approval for Cluey’s Delisting
Cluey Ltd (ASX:CLU) has received formal confirmation from the Australian Securities Exchange that its request for voluntary removal from the official ASX list is approved in principle. The ASX’s decision, communicated on 26 June 2026, imposes several conditions designed to safeguard shareholder interests and ensure an orderly market exit.
Central to the ASX’s conditions is the requirement for Cluey to secure shareholder approval via a special resolution before any delisting can proceed. This approval will be sought at a general meeting scheduled for 13 August 2026, with detailed information to be provided in a Notice of Meeting dispatched around 10 July.
Shareholder Protections and Delisting Process
The ASX mandates that the delisting cannot occur any earlier than one month after shareholder approval is obtained, providing investors with a reasonable window to sell their shares on the exchange. The company must also apply for suspension of its securities at least two business days before the removal date.
The Notice of Meeting will include a timetable of key dates, explicit warnings that shareholders wishing to exit must do so before delisting, and detailed post-delisting arrangements for trading or disposing of shares off-market. These steps align with ASX Guidance Note 33 to maintain transparency and orderly market conduct.
Strategic Context and Business Developments
Cluey’s move to delist follows ongoing challenges with liquidity and valuation pressures on the ASX, where its shares have been thinly traded. The company previously highlighted expected annual cost savings of around A$500,000 from delisting and plans to streamline operations, including the closure of its UK-based Code Camp subsidiary by 31 August 2026.
This voluntary delisting marks a significant strategic pivot for Cluey, which combines education and technology to deliver academic support across Australia and New Zealand. The company’s leadership has been undergoing transition earlier this year, with a new sole CEO appointed in June 2026, underscoring a period of change.
Investors will be watching the outcome of the upcoming shareholder vote closely, as it will determine whether Cluey exits the ASX and transitions to a private or alternative market structure. The final delisting date remains subject to ASX and company consultation following shareholder approval.
Bottom Line?
Cluey’s delisting hinges on shareholder approval and a carefully managed exit timeline, spotlighting the challenges of maintaining liquidity and valuation on the ASX for smaller edtech players.
Questions in the middle?
- Will shareholders endorse the delisting at the August meeting?
- How will Cluey manage shareholder liquidity post-delisting?
- What impact will Code Camp’s UK closure have on overall strategy?
