price and volume query

Ansearch Limited
ABN 70 001 287 510
Kilda Road Towers,
Suite 1201 / 1 Queens Road
Melbourne Vic 3004 Australia
Phone + 61 3 9863 7822
Fax + 61 3 9863 7823
Toll free 1300 852 722
26 June 2006
Dean Litis
Senior Adviser,
Issuers (Melbourne)
Australian Stock Exchange Limited
By email
RE: PRICE & VOLUME QUERY
Melbourne – 26 June 2006 – in response to your inquiry regarding the recent price and volume increase
in the Company’s shares.
1. The Company is not aware of any information concerning it that has not been announced
which, if known, could be an explanation for recent trading in the securities of the Company;
2. The Company is in compliance with the ASX Listing Rules and in particular with Listing Rule
3.1.
The Company is aware of an email newsletter from Invest4Profit that was issued Friday that may have
contributed to the increase in market activity. That coupled with the Company’s recently filed revenue
and cash flow statements, indicating it is in the best financial position it has been in since Decembers
reconstruction, may also have contributed to the increased volume and price. It should be noted that the
Company’s current share price has still not reached the level it was at this time last month.
Jan Macpherson
Company Secretary
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23 June 2006
Ms Jan Macpherson
Company Secretary
Ansearch Limited
BY EMAIL
Dear Jan
Ansearch Limited (the “Company”)
RE: PRICE QUERY
We have noted a change in the price of the Company’s securities from 4.3 cents as at the close
of trading yesterday 22 June 2006 to a high of 6 cents today. We have also noted an increase
in volume during the same period.
In light of the price and volume change, please respond to each of the following questions.
1. Is the Company aware of any information concerning it that has not been announced
which, if known, could be an explanation for recent trading in the securities of the
Company?
2. If the answer to question 1 is yes, can an announcement be made immediately? If not,
why not and when is it expected that an announcement will be made?
Please note, if the answer to question 1 is yes and an announcement cannot be made
immediately, you need to contact us to discuss this and you need to consider a trading
halt (see below).
3. Is there any other explanation that the Company may have for the price change in the
securities of the Company?
4. Please confirm that the Company is in compliance with the listing rules and, in
particular, listing rule 3.1.
Your response should be sent to me by e-mail at [email protected] or by facsimile on
facsimile number (03) 9614 0303. It should not be sent to the Company Announcements
Office.
Unless the information is required immediately under listing rule 3.1, a response is requested as
soon as possible and, in any event, not later than half an hour before the start of trading (ie
before 9.30 a.m. E.S.T.) on Monday 26 June 2006.
Australian Stock Exchange Limited
ABN 98 008 624 691
Level 3
Stock Exchange Centre
530 Collins Street
Melbourne VIC 3000
GPO Box 1784Q
Melbourne
VIC 3001
Telephone 61 (03) 9617 8658
Facsimile 61 (03) 9614 0303
Internet http://www.asx.com.au
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Under listing rule 18.7A, a copy of this query and your response will be released to the market,
so your response should be in a suitable form and separately address each of the questions
asked. If you have any queries or concerns, please contact me immediately.
Listing rule 3.1
Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a
reasonable person would expect to have a material effect on the price or value of the entity’s
securities. The exceptions to this requirement are set out in listing rule 3.1A.
In responding to this letter you should consult listing rule 3.1 and Guidance Note 8 –
Continuous Disclosure: listing rule 3.1.
If the information requested by this letter is information required to be given to ASX under
listing rule 3.1 your obligation is to disclose the information immediately.
Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by,
answering the questions set out in this letter.
Trading halt
If you are unable to respond by the time requested, or if the answer to question 1 is yes and an
announcement cannot be made immediately, you should consider a request for a trading halt in
the Company’s securities. As set out in listing rule 17.1 and Guidance Note 16 – Trading Halts
we may grant a trading halt at your request. We may require the request to be in writing. We
are not required to act on your request. You must tell us each of the following.
• The reasons for the trading halt.
• How long you want the trading halt to last.
• The event you expect to happen that will end the trading halt.
• That you are not aware of any reason why the trading halt should not be granted.
• Any other information necessary to inform the market about the trading halt, or that
we ask for.
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The trading halt cannot extend past the commencement of normal trading on the second day
after the day on which it is granted. If a trading halt is requested and granted and you are still
unable to reply to this letter before the commencement of trading, suspension from quotation
would normally be imposed by us from the commencement of trading if not previously
requested by you. The same applies if you have requested a trading halt because you are unable
to release information to the market, and are still unable to do so before the commencement of
trading.
If you have any queries regarding any of the above, please let me know.
Yours sincerely
[Sent electronically without signature]
Dean Litis
Senior Adviser, Issuers (Melbourne)