I just googled "Listing rule 3.1"
This came up:
Listing Rule 3.1 requires a listed entity to disclose information “concerning it” that “a reasonable person would expect to have a material effect on the price or value of the entity's securities”
ASX's share price actually went up 1.2% on the day of the news that ISX was suing it. This blows up the case that ASX should have announced it because it was a material, presumably negative event for ASX. The market is saying ASX got it right to not announce the news. If the ASX share price went down, even by just a few percent, upon ISX announcing the lawsuit, and the ASX didn't announce the lawsuit, the ASX might be in a spot of bother - but clearly this wasn't the case here.
ASX is sued by ISX in Fed court, page-41
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Last
$65.57 |
Change
0.370(0.57%) |
Mkt cap ! $12.71B | |||
| Open | High | Low | Value | Volume |
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