Long Term Suspended Entities

• List of entities suspended for more than 3 months
• Details on outstanding periodic reports and deadlines
• Entities face removal from official list if deadlines not met

ASX has released a market announcement detailing a list of entities that have been suspended from trading for more than 3 months. The announcement provides information on the outstanding periodic reports that each entity has failed to lodge, as well as the deadlines for lodging the oldest outstanding report (1 year deadline) and the deadline for the entity to execute its plans to resume trading to ASX's satisfaction (2 year deadline). If an entity does not meet these deadlines, it will be removed from the official list, with the removal usually taking effect from the open of trading on the first trading day after the deadline date. The announcement also 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. Entities are encouraged to engage with their Listings Adviser about their plans to seek reinstatement.