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Ann: Pause in Trading, page-241

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  1. 3,526 Posts.
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    No. After a suspension of trading all pending orders are cancelled prior to resumption of trading. A pause in trading is literally that a "pause". Normally a pause follows a halt, for example if a company went into a halt to announce a takeover offer, the ASX would pause trading for an hour after the announcement to allow time for everyone to see the notice and process it. If the halt was just for a price sensitive but otherwise non-dramatic announcement the ASX would put the trading on pause for 10 minutes after the announcement.

    In this case it was to clarify a report. The shares went into a pause to allow the company time to produce the written clarification and the ASX to release it. It was not important enough to warrant a halt, but might have been important so a pause was ordered pending a response from the GXY.

    Had the issue been of great moment, it might have gone into a halt at the company's request after the pause, but it wasn't and it didn't. An example of this might have been had a report of a take-over offer been released to the press, but the company not yet been informed, the ASX might have paused trading seeking clarification, during which time the company receives the takeover offer and then responds by requesting a halt to analyse and prepare a response.

    A suspension is a very different matter.
    Last edited by Darkstone: 03/06/19
 
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