Ann: Suspension from Official Quotation - Annual Listing Fee, page-29

I contacted the ASX today and spoke to a senior member within the listings department re the suspension and protocols. He was extremely helpful and informed me of the following: All listed companies receive listing invoices at the end of June with a timeline to pay. They have 15 days after the due date, then as stated under rules 7.15 another 5 days before removal.

The reason for my call was to find out if the ASX send reminder notices for payment or intention to suspend prior to issuing an official market announcement. I wanted to understand the process before believing it was simple oversight. Listings informed me no reminder notices are sent, no follow up is made with listings. It is squarely up to the companies to pay these fees as stipulated within the listings rules sent with annual invoices. Was this a simple oversight ? Possible. Is it understandable ? Is it incompetence ? Is it true ? We will find out in due time.