oh dear. of course the T/H was requested by Padbury! T/Hs have to be requested by the listed entity, then the ASX decided whether to grant the request.
The only exception, where ASX IMPOSES a T/H, is the standard 10mins on receipt of a price sensitive announcement, or the the 1 hour halt on recpeit of an announcement regarding the likes of a takeover or scheme of arrangement.
This is all consistent with the ASX seeking more detail, reminding them that the market isn't reasonably informed, and in response Padbury requesting the Halt to ensure the market is reasonably informed.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held