Long Term Suspended Entities

• Securities of entities suspended for over 3 months
• Entities must lodge outstanding reports by deadlines
• Failure to meet deadlines will result in removal from ASX list

ASX has released a market announcement regarding entities that 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 have to lodge the outstanding reports and execute plans to resume trading. If an entity does not meet the 1-year or 2-year 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 provide the market and security holders with regular updates on their status and plans to resume trading. ASX's removal policy for long-term suspended entities is explained in Listing Rules Guidance Note 33, and in limited circumstances, ASX may grant a short extension to the deadline date. ASX reminds entities 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.