• 35 entities suspended for over 3 months
• Deadlines set for lodging outstanding reports
• Entities to execute plans for trading resumption

ASX has released a market announcement regarding long-term suspended entities. The announcement lists 35 entities that have been suspended from trading for more than three months. For each entity, the announcement provides details on the outstanding periodic reports that need to be lodged, as well as deadlines for lodging the oldest outstanding report (1 year deadline) and executing plans to resume trading (2 year deadline). If an entity fails to 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. ASX recommends that long-term suspended entities implement a system of periodic disclosures to keep the market and security holders updated on their status and plans for trading resumption. The announcement also notes that reinstatement of securities to quotation is not automatic, and 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.