Long Term Suspended Entities

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Stock Leo Lithium Ltd (LLL.ASX)
Release Time 22 Jan 2025, 4:20 p.m.
Price Sensitive Yes
 ASX Announces Long Term Suspended Entities
Key Points
  • List of entities suspended for over 3 months
  • Deadlines to lodge outstanding reports and resume trading
  • Removal from official list if deadlines not met
Full Summary

ASX has announced a list of entities that have been suspended from trading for more than three months. The announcement includes the name and ASX code of each entity, the periodic reports they have failed to lodge, the deadline to lodge the oldest outstanding report, and the deadline to execute plans to resume trading to ASX's satisfaction. 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 provide periodic (at least quarterly) disclosures to keep the market and security holders informed of their status and plans for resuming trading. ASX's removal policy for long-term suspended entities is explained in Listing Rules Guidance Note 33, and ASX may grant short extensions to the deadline dates in limited circumstances. 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.