Ann: Completion of Share Placement, page-12

Trading Halts and when a trading halt occurs

ASX may grant a trading halt at the request of an entity. ASX may require the request to be
in writing. ASX is not required to act on the entity’s request. The entity must tell ASX each of
the following.
• Its reasons for the trading halt.
• How long it wants the trading halt to last.
• The event it expects to happen that will end the trading halt.
• That it is 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 ASX asks for.

The length of the trading halt cannot exceed the period permitted under ASX’s Operating Rules.
Note: ASX Operating Rule 16.4.2 says that a trading halt can be
applied for a period not exceeding the commencement of normal trading on the second trading day following the day on which it is requested.

Example: On a Monday afternoon a company tells ASX that it expects an important announcement to be
made regarding a major acquisition. Owing to the status of negotiations it is uncertain whether the
announcement will be made that day or the following day. The company asks for and is granted a trading
halt. The trading halt will operate until the announcement is made or the commencement of trading on the Wednesday, whichever occurs sooner.


ASX may suspend quotation of an entity’s securities, even if the securities are subject to a trading halt. However, if the entity requested the trading halt (without ASX’s intervention) to prevent trading in its securities taking place in an uninformed market, ASX will not suspend quotation of the securities before the expiry of the trading halt.





On a side note, @Gladiator2 's suggestion of learning a bit before using real money may be wise.