For those shareholders who may be interested, ASX Listing Rules: Guidance Note 33 - Removal of Entities from the ASX Official List is freely available on the ASX website: https://www.asx.com.au/documents/rules/gn33_removal_of_entities.pdf
I have quoted the following:
"Some unacceptable reasons why an entity might ask to be removed from the official list include if it is doing so solely or primarily:
To avoid the application of Chapter 10 of the Listing Rules (transactions with persons in a position of influence) to a particular transaction that would otherwise require the approval of security holders;
To avoid the disclosure obligations the entity would otherwise have under the Listing Rules and sections 674 and 675 of the Corporations Act 2001 (Cth); or
To deny minority security holders a market for their securities in order to coerce them into accepting a current or planned offer from a controlling security holder to buy their securities at an undervalue."
PGH Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held
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