Long Term Suspended Entities

• List of entities suspended for over 3 months
• Deadlines for lodging outstanding reports and resuming trading
• Entities may be removed if deadlines not met

ASX has released an announcement detailing a list of entities that have been suspended from trading for more than 3 months. The announcement provides 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 lodge the outstanding reports and execute plans to resume trading, or else face removal from the official list. The 1-year deadline is for lodging the oldest outstanding periodic report, while the 2-year deadline is for the entity to execute its plans for trading in its securities to resume, to ASX's satisfaction. If an entity does not meet these deadlines, it will be removed from the official list, usually taking effect from the open of trading on the first trading day after the deadline date.ASX has reminded long-term suspended entities that reinstatement of their securities to quotation is not granted automatically on application, even if the suspension was imposed at the entity's request. 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.