SAS 0.00% 1.6¢ sky and space company ltd

Ann: Voluntary Suspension, page-123

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  1. 233 Posts.
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    I am quite uneducated in investing terms, but I'll share my small research for those here who are unsure of what a voluntary suspension means.
    The following is from ASX Listing Rules, Guidance Note 16 :

    " 4.3 When to ask for a voluntary suspension:
    An entity should consider requesting a voluntary suspension:

    - whenever it is necessary to manage its continuous disclosure obligations under Listing Rules 3.1-3.1B and to avoid trading in its securities happening on a basis that is not reasonably informed; and

    - where it anticipates not being able to make an announcement to satisfy those obligations for a longer period than the maximum permitted duration of a trading halt (generally two trading days or, in those exceptional circumstances where ASX agrees to grant back-to-back trading halts, four trading days).


    An entity should also consider requesting a voluntary suspension if it has been in a trading halt pending an announcement and it becomes clear that it will not be in a position to make the anticipated announcement before the end of the trading halt. "


    Last edited by Tarquiin: 21/10/18
 
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