Key points
- List of entities suspended for over 3 months
- Deadlines to lodge outstanding reports and resume trading
- Entities will be removed if deadlines not met
Full summary
ASX has published a list of entities that have been suspended from trading for more than three months. The announcement provides details on the name and ASX code of each long-term suspended entity, the periodic reports they have failed to lodge, the deadlines to lodge the oldest outstanding report (1 year deadline), and the deadline to execute plans to resume trading (2 year deadline). If an entity does not meet these deadlines, it will be removed from the official list, usually taking effect 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 updated on their status and plans to resume 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.