this says so much, non compliance and complete lack of...

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stitches11

92 Posts.

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28/03/17

22:01

Post #: 23690952
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Originally posted by sc815815 ↑

Update ASX

The position outlined in our 23 January 2017 letter has not changed. RRP has entered into a transaction that
constitutes a back door listing and it is required to obtain shareholder approval for that transaction and to
re-comply with the admission and quotation requirements in chapters 1 and 2 of the listing rules. Until it
does so, it will remain suspended from trading on ASX, subject to the rider that ASX will allow it to resume
trading up until the date of the EGM approving the back door transaction if it makes an announcement that
contains all of information set out in Annexure A to Guidance Note 12. To date, RRP has chosen not to make
such an announcement.
We can confirm that ASX is not “holding up” RRP from having a meeting to obtain shareholder approval for
the back door listing transaction. A notice of meeting approving a transaction under the listing rules must
satisfy the requirements of those rules and include such material as will fully and fairly inform security holders
of the matters to be considered at the meeting to enable them to make a properly informed judgement on
those matters. ASX must also approve the notice of meeting before it is sent to shareholders.
Page 2 of 2
RRP has provided a draft notice to ASX which does not yet meet all of the requirements mentioned above.
ASX is currently corresponding with RRP on the changes that need to be made to the notice to comply with
these requirements. How long that process will take is largely in RRP’s hands.
We hope this letter has helped clarify the position.
Yours sincerely
[sent electronically without signature]

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this says so much, non compliance and complete lack of regulatory management, scary thing is it seems to be "ok, and no issue for the company" . concerning, no management guidance.

RRP Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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