Key points
- SIV Capital Ltd suspended from quotation immediately
- ASX determined SIV's operations not adequate to warrant continued quotation
- Suspension will continue until ASX satisfied SIV complies with Listing Rules
Full summary
SIV Capital Ltd (ASX: SIV) has been suspended from quotation on the Australian Securities Exchange (ASX) with immediate effect. ASX has determined that SIV's operations are not adequate to warrant the continued quotation of its securities and that the company is in breach of Listing Rule 12.1. The suspension will continue until ASX is satisfied that SIV is in compliance with the Listing Rules, including Listing Rules 12.1 and 12.3, and that it is otherwise appropriate for SIV's securities to be reinstated to quotation. ASX has not provided any further details on the specific reasons for the suspension, but it is clear that the regulator has concerns about SIV's ability to meet the requirements for a continued listing on the exchange. The company will need to address these issues and demonstrate compliance with the Listing Rules before it can be reinstated to trading.