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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:
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Searching by ASX, NZX, NSX or BSE code (see box above right)
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Searching by company name (see box above left)
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Clicking on the appropriate alpha digit (see the alphabet index above)
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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 in external
administration or not.
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.
Some companies suspended because of insolvency concerns, regain quotation but
most fall by the wayside. They are eventually delisted and end up in
liquidation or are recapitalised with little, if any, residual value left for
shareholders.
WHY WAS YOUR COMPANY SUSPENDED?
According to the Australian Stock Exchange Listing Rules a company may be
suspended from quotation:
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If it asks to be suspended (see Listing rule 17.2*)
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If in the opinion of ASX: (see Listing rule 17:3*)
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It breaks a listing rule.
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It is necessary to "prevent a disorderly or uninformed market"
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ASX's rules require the suspension.
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It is appropriate for some other reason
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In the event of a compulsory acquisition following a takeover bid (see Listing
Rule 17.4*)
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In the event of a compulsory acquisition under Part 6A.2 of the Corporations
Act (see Listing Rule 17.4A*)
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If an entity fails to lodge certain documents (see Listing Rule 17.5*)
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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.
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