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."
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Mkt cap ! $280.5M |
Open | High | Low | Value | Volume |
80.5¢ | 82.0¢ | 80.5¢ | $10.69K | 13.20K |
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No. | Vol. | Price($) |
---|---|---|
1 | 24983 | 81.5¢ |
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Price($) | Vol. | No. |
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2 | 7303 | 0.805 |
3 | 2006 | 0.800 |
4 | 24027 | 0.790 |
1 | 1457 | 0.785 |
Price($) | Vol. | No. |
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0.825 | 50 | 1 |
0.830 | 120 | 1 |
0.845 | 171 | 2 |
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