December, page-77

Ive attached parts of your email as i was told we could be trading prior to the EGM under the new rules.

But when you read the new rules it clearly says The ASX Listing Rules amendments come into effect on Monday, 19 December 2016, and will only apply to applications for listing received on or after that date.

This is were ASX or RRP management need to release news and make it clear to us all.

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On 2 November 2016 ASX released a consultation paper advising of a change in its policy about immediately suspending a listed entity that announces a back door listing transaction. ASX will now allow such an entity to resume trading (at least up to the date of the shareholder vote approving the back door listing) if it makes an announcement that contains all of the information referred to in proposed new Annexure A to GN12 and ASX is otherwise satisfied that the announcement includes sufficient information about the transaction for trading in the entity’s securities to take place on a reasonably informed basis.

Accordingly, if RRP makes an announcement that meets these requirements its securities may resume trading ahead of the shareholder resolution approving the Foxleigh transaction. If RRP does not make an announcement to ASX’s satisfaction, then RRP’s securities will remain suspended until its re-compliance with chapters 1 and 2 of the Listing Rules.
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Do you see how this whole situation is very confusing, and no one really knows or understands whats going on.

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