ASX Suspends Entities for Over 3 Months
Key points
- 41 entities suspended for over 3 months
- Deadline to lodge outstanding reports and resume trading
- Failure to meet deadlines will result in removal from ASX
Full summary
The ASX has announced that the securities of 41 entities have been suspended from trading for more than three months. The announcement provides details on the name and ASX code of each long-term suspended entity, the periodic reports they have failed to lodge, and the deadlines they face to either lodge the outstanding reports and resume trading, or be removed from the ASX official list. Entities have a 1-year deadline to lodge their oldest outstanding periodic report, and a 2-year deadline to execute their plans for trading in their securities to resume, to ASX's satisfaction. If an entity does not meet these 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. The ASX recommends that long-term suspended entities provide periodic (at least quarterly) disclosures to update the market and security holders on their status and plans to resume trading.
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