Key points
- Entities suspended for more than 3 months
- Deadline to lodge outstanding periodic reports
- Deadline to execute plans for trading resumption
Full summary
ASX has announced the list of entities that have been suspended from trading for more than 3 months. The announcement includes the name and ASX code of each long-term suspended entity, the periodic reports they have failed to lodge, the 1-year deadline to lodge the oldest outstanding report, and the 2-year deadline to execute plans for trading resumption to ASX's satisfaction. If an entity fails to meet these deadlines, it will be removed from the official list. The announcement also recommends that long-term suspended entities implement a system of periodic disclosures to keep the market and security holders informed of their status and plans for trading resumption. ASX's removal policy for long-term suspended entities is explained, and it is noted that reinstatement is not automatic even if the suspension was at the entity's request.