ASX would like to thank you for making the time and effort to bring these matters to its attention. These types of communications are an important source of intelligence for ASX in performing its role of monitoring and enforcing compliance with the ASX listing rules. ASX cannot make SYT hold its AGM. Whether it complies with its obligations under the Corporations Act to hold an AGM is a matter which the Australian Securities and Investments Commission (‘ASIC’) has power to investigate and take action on. You may be interested to know that on 8 September 2021, ASIC extended the time for which certain public companies may hold an AGM in light of the ongoing pandemic: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-236mr-asicextends-time-for-companies-to-hold-annual-general-meetings/ With respect to the sufficiency of SYT’s disclosure, SYT will need to satisfy ASX that it is capable of providing meaningful and adequate disclosure on its operations before its securities are reinstated to official quotation. If you would like to notify ASIC of your concerns in these regards you can do so here: https://asic.gov.au/about-asic/contact-us/how-to-complain/report-misconduct-to-asic I note in closing that SYT have confirmed that they would like to hear from any complainants and that they can be emailed at [email protected]. Any updates regarding the status of SYT’s securities will be made available via ASX’s market announcements platform. Yours sincerely
SYT Price at posting:
0.1¢ Sentiment: None Disclosure: Held