Surprised it took this long but I guess they had to let a little water flow under the bridge after the demerger..
I’ll have some fun with future predictions..
Expect the ASX action will be dropped sometime before the FY22 accounts are due for release (end of September) and also a negotiated settlement on the ASIC matter. The ISX shell will then be available as a back door listing vehicle, the ticker will change and shareholders will finally be able to trade (albeit after heavy dilution from the raising associated with whatever the new business is).
ISXFEU will continue along overseas, the performance shares effectively crystallised by shareholders through the demerger vote.. a listing may happen in 2024 once JK’s ASIC matter is concluded, but it won’t be on a premium exchange.. I think it’s odds on that the company will stay unlisted though.. they have won and got what they wanted, shareholders have lost but the “10,000 mums and dads” were never the priority
