I refer to your email message concerning our ongoing inquiries of Slater & Gordon Limited ("the company"). Our inquiries in relation to financial reporting by the company are ongoing.
It is normal for ASIC to make inquiries of listed companies in connection with their financial reporting. This assists in ensuring that markets can be confident and informed through the information contained in those financial reports.
Generally, we will not make any comment or provide updates on the progress of our inquiries until they are concluded. Given the importance of ensuring that our review of financial reports is based on all relevant information and considered carefully, our inquiries can take time to conclude and it is not appropriate for us to provide a continuous update to the market of the status of our inquiries. We are subject to confidentiality restrictions under legislation that require us to protect information provided to us by a company. We also want to ensure that a company and its shareholders are not unfairly affected by such commentary, which may potentially impact on the share price of the company.
We will ensure that the company is informed as soon as our inquiries are concluded
Dyor
SGH Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
