Long Term Suspended Entities

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Stock Global Data Centre Group (GDC.ASX)
Release Time 9 Apr 2025, 4:18 p.m.
Price Sensitive Yes
 ASX Announces Long Term Suspended Entities
Key Points
  • List of entities suspended for over 3 months
  • Deadlines for lodging outstanding reports and resuming trading
  • Entities may be removed if deadlines not met
Full Summary

ASX has released an announcement regarding entities that have been suspended from trading for more than 3 months. The announcement provides a detailed list of these long-term suspended entities, including their ASX codes, the periodic reports they have failed to lodge, and the deadlines they have to lodge the outstanding reports and resume trading in their securities to ASX's satisfaction. If an entity does not meet the 1-year deadline for lodging the oldest outstanding periodic report or the 2-year deadline to execute its plans for trading to resume, it will be removed from the official list, usually effective from the open of trading on the first trading day after the deadline date. ASX recommends that long-term suspended entities provide periodic (at least quarterly) disclosures to keep the market and security holders updated on their status and plans for resuming trading. The announcement also clarifies that reinstatement of securities to quotation is not granted automatically, even if the suspension was at the entity's request, as ASX must be satisfied that the reasons for the ongoing suspension have been addressed and the entity complies with the Listing Rules at the point of reinstatement.