Suspended Companies

If you are unable to find your company among the companies quoted in the daily newspaper, it may be suspended from quotation.

It can be found on our website by: 

1. Searching by ASX, NZX or NSX code (see box above right)
2. Searching by company name (see box above left)
3. Clicking on the appropriate alpha digit (see the alphabet index above)
4. Clicking on the box below to retrieve a list

Often a company's shares are suspended from quotation for months or even years before it is either delisted or reinstated to quotation.

As a general rule we monitor all companies suspended from quotation, whether they are in external administration or not.

Failed and suspended companies

Many of the companies suspended from quotation have failed. Often that is not apparent to shareholders unless they are following developments closely.

When a company is suspended it remains in portfolios at the last quoted price. This is quite misleading as that market price may be months or even years old and have nothing to do with the current value of the shares.

deListed acquires shares in failed and suspended (or delisted) companies to facilitate the crystallisation of a capital loss or effect the closure of an account. There is an online facility here, us a "Sell your Worthless Shares"  where that can be initiated.

Finding your suspended company

If you are unable to find your company anywhere, or the information is incomplete or incomprehensible, please send us a message and we will try to assist. But please note we cannot assist with private (pty) companies, public companies that have never been listed or companies domiciled outside Australia or New Zealand.

If you find that your company is suspended and is not covered by us, please email admin@delisted.com.au and we will start to monitor it.

If the suspension is prolonged, an administrator, usually in conjunction with creditors or directors, is often deciding the company's fate.

Many small companies suspended because of insolvency concerns, are recapitalised and regain quotation; usually with little, if any, residual value left for shareholders. The larger companies that fail are eventually delisted and end up in liquidation.

Why was your company suspended?

According to the Australian Stock Exchange Listing Rules a company may be suspended from quotation:

1. If it asks to be suspended (see Listing rule 17.2*)
2. If in the opinion of ASX: (see Listing rule 17:3*) it breaks a listing rule or is unwilling or unable to comply with a rule, it is necessary to "prevent a disorderly or uninformed market", ASX's rules require the suspension or it is appropriate for some other reason

3. In the event of a compulsory acquisition following a takeover bid (see Listing Rule 17.4*) 

4. In the event of a compulsory acquisition under Part 6A.2 of the Corporations Act (see Listing Rule 17.4A*)
5. If an entity fails to lodge certain documents (see Listing Rule 17.5*)
6. If it fails to pay annual listing fees (see Listing Rule 17.6*)

Note you can view the detail of these listing rules by clicking here.