Uscom Ltd Suspended from ASX Quotation
Key points
- Uscom Ltd (UCM) suspended from ASX quotation
- ASX determined UCM's financial condition not adequate to warrant continued quotation
- Suspension due to breach of Listing Rule 12.2
Full summary
Uscom Ltd (UCM) has been suspended from quotation on the Australian Securities Exchange (ASX) with immediate effect. ASX has determined that UCM's financial condition is not adequate to warrant the continued quotation of its securities and therefore the company is in breach of Listing Rule 12.2. This decision was made with regard to UCM's annual financial statements for the year ended 30 June 2025 and the disclaimer of opinion included in the auditor's report. The suspension will continue until ASX is satisfied that UCM is in compliance with the Listing Rules, including Listing Rule 12.2, and that it is otherwise appropriate for UCM's securities to be reinstated to quotation.
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