Long Term Suspended Entities

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Stock Lawfinance Ltd (LAW.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 for lodging outstanding reports and resuming trading
  • Entities to be removed 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 details on the outstanding periodic reports that each entity has failed to lodge, as well as the deadlines for lodging the oldest outstanding report (1 year deadline) and for the entity to execute its plans for trading in its securities to resume, to ASX's satisfaction (2 year deadline). If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list, with the removal usually taking effect 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 (at least quarterly) disclosures to provide the market and security holders with regular updates on 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 in limited circumstances, ASX may grant a short extension to the deadline date. ASX reminds long-term suspended entities that reinstatement of their securities to quotation is not granted automatically, and ASX must be satisfied that the reasons for the ongoing suspension have been addressed and that the entity complies with the Listing Rules at the point of reinstatement.