FCG.ASX: Continuation of Suspension from Quotation

Continuation of Suspension from Quotation

Stock	Freedom Care Group Holdings Ltd (FCG.ASX)
Release Time	16 Dec 2024, 12:49 p.m.
Price Sensitive	Yes

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Freedom Care Group Holdings Ltd suspended from ASX

Key Points

Suspension continued due to breach of Listing Rule 12.2
Subsidiary Freedom Care Group Pty Ltd placed into voluntary administration
ASX not satisfied with company's compliance with Listing Rules

Full Summary

Freedom Care Group Holdings Ltd (ASX: FCG) has had its securities suspended from quotation on the ASX. The suspension was initially requested by the company on 14 November 2024 regarding the outcome of discussions with the National Disability Insurance Agency regarding a payment suspension. However, following the announcement on 5 December 2024 that voluntary administrators were appointed to its 100% owned subsidiary Freedom Care Group Pty Ltd, ASX has determined that FCG's financial condition is not adequate to warrant the continued quotation of its securities and is therefore in breach of Listing Rule 12.2. The securities will now continue to be suspended from quotation under Listing Rule 17.3 until such time that ASX is satisfied with FCG's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for FCG's securities to be reinstated to quotation.