SP1 0.00% $1.07 southern cross payments ltd

Ann: ASX Update on status of ASX Directions, page-457

  1. 841 Posts.
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    ASX is there in the negotiating , if they have a problem with a condition they put it forward and offer a solution and/or ISX does and then hopefully arrangements conclude.
    Intentional suspension, well that was for your benefit, as you suggest ISX could intentionally trigger a further suspension by a late 4c disclosure etc.
    So you should be able to comprehend what an intentional trigger is, it was said based on what you wrote.
    That aside, for non adversarial people its not a problem, just another clause written in, if ASX comes out and suspends ISX for whatever (fair) reason then to lift the suspension the escrow continues on from where it was pre suspension.
    They could also just make a 24 month or 36 month escrow that does not stop regardless of activity such as suspension. There are a range of options available for reasonable parties.
    Its not hard to figure it, for a lay person or a legal agreement.
    Maybe a standard escrow agreement will be done, who knows, its up to the ASX and ISX to form an agreement, not for people on Hotcopper to determine if its acceptable,lol.
 
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