A few BUD poster might do themselves a favour by actually...

A few BUD poster might do themselves a favour by actually reading and thus gifting themselves the opportunity to understand what has occurred, rather than bad mouthing the ASX for simply complying with its own legal obligations. Simply, the ASX may have had no choice in the matter and instigated General Rule 17.3 in response to one of the conditions described in 17.3 coming into existence.

To suggest otherwise is to claim that BUD ought to have some right or privilege that is denied to other ASX listed companies.

Broosta

‘Suspension of securities from quotation
Suspension at entity’s request
17.2
ASX may at any time suspend an entity’s +securities, or a +class of them, from +quotation at the request of the entity. ASX may require the request to be in writing. ASX is not required to act on the entity’s request. The entity must tell ASX each of the following.

• Its reasons for the suspension.

• How long it expects the suspension to last.

• The event it expects to happen that will end the suspension.

• That it is not +aware of any reason why its +securities should not be suspended.

• Any other information necessary to inform the market about the suspension, or that ASX asks for. Introduced 01/07/96

Suspension not at entity’s request
General rule17.3

ASX may at any time suspend an entity’s +securities, or a +class of them, from +quotation if in ASX’s opinion any of the following applies.

17.3.1
The entity is unable or unwilling to comply with, or breaks, a listing rule.
Note: Listing rule 8.1 requires an entity to comply with the ASX Settlement Operating Rules. Listing rule
17.3 may therefore operate if an entity breaks an ASX Settlement Operating Rule.

17.3.2
It is necessary to suspend +quotation to prevent a disorderly or uninformed market.

17.3.3
ASX’s rules require the suspension.
Note: ASX’s rules are its listing rules, market rules, and articles of association.

Chapter 17
Trading halts, suspension, removal + See chapter 19 for defined terms
1 July 2014 Page 1703

17.3.4
It is appropriate for some other reason.

Introduced 01/07/96
Example: If ASX Settlement suspends an entity’s participation in CHESS, ASX may suspend quotation of the entity’s securities. This may occur for a reason that does not break the ASX Settlement Operating Rules, but it would still affect transfers'