Long Term Suspended Entities

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Stock Freedom Care Group Holdings Ltd (FCG.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
  • 2-year deadline to resume trading or be removed from the list
  • Entities must engage with ASX to seek reinstatement
Full Summary

ASX has released a market announcement detailing a list of entities that have been suspended from trading for more than three months. The announcement provides information on the periodic reports that each entity has failed to lodge, the deadlines for lodging the oldest outstanding report (1 year deadline), and the deadline for the entity to execute its plans for trading in its securities to resume, to ASX's satisfaction (2 year deadline). If an entity does not meet the 1 or 2 year deadlines, 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 implement a system of periodic (at least quarterly) disclosures to keep the market and security holders updated on their status and plans for resuming trading. ASX's removal policy for long-term suspended entities is explained in Listing Rules Guidance Note 33, and in limited circumstances, ASX may grant a short extension to the deadline date. ASX reminds long-term suspended entities that reinstatement of their securities to quotation is not granted automatically on application, and ASX must be satisfied that the reasons for the ongoing suspension have been addressed and that the entity complies with the Listing Rules at the point of reinstatement.