Stock is still listed, just rebalanced out of the index. Means industry will have to close out their positions on the stock as their investment mandate will only be to invest in 200/300.
It means huge volume at open.
I really feel sorry for mum and dad investors.
Disgusting communication from management. ASX should do its job and step in, at least give holders the chance to exit their position.
Ann: S&P DJI Announces September 2022 Quarterly Rebalance, page-79
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