Read it closely.
As well as pauses in trading initiated by ASX as described above, there are also pauses in tradingwhenever ASX releases an announcement by a listed entity classified as market sensitive. The pause lasts for a period of approximately 10 minutes, unless the announcement relates to a takeover or scheme, in which case the pause lasts for approximately 60 minutes, after the release of the announcement. These types of pauses in trading are automatically applied to allow the market time to absorb the information in the announcement and do not result in an "ASX Pause in Trading" market release."
The 10 and 60 minute periods describe the pause in trading after a market sensitive announcement. We have a 'Pause in Trading' market release, therefore the above does not apply.
Assuming FAR have not become uncontactable, it can only be 1 of 2 possibilities:
1. Far has told ASX it is intending to lodge a market sensitive announcement and ASX is concerned the market does not trade on an uninformed basis ahead of that announcement;
OR
2. FAR has requested a trading halt and ASX agrees to the request, to prevent trading occurring on an uninformed basis while the trading halt is processed.
It could be something big, or it could be a nothing (see LOM recent ann's for example of a nothing pause).
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Ann: Pause in trading, page-69
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1 | 38794 | 0.475 |
Price($) | Vol. | No. |
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0.510 | 345490 | 5 |
0.515 | 8560 | 2 |
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