The ADI application was revoked. It was obvious it was going nowhere anyway. ISXFEU was already operating as a European Registered company under European Regulations. Little to no change required there for ISXFEU. ISXFEU product range is being promoted at various European Financial expos as they already were prior to the demerger (Flykk, Probanx etc). Little to no change required there for ISXFEU.
That only leaves 2 of the 5 dot points of the 'Demerger Reasons' for management to achieve for shareholders.
This reminds of when shares in Reeltime Media Ltd were suspended from trading by the management of the company for months and months in 2007. That did not end well for Reeltime Media.
