process of transfering individual shares to another exchange, page-47

Totally agree. If ISX have done nothing wrong, or nothing of such magnitude to deserve the current treatment from the ASX, then surely the justice system is able to expose this, among a range of other issues. Self de-listing sends the wrong message and importantly affects ordinary shareholders. One could argue that it will enable ISX to trade again much more quickly than waiting on the courts but I don't believe that and certainly not on an exchange at the level of the ASX. The company could easily de-list and find itself unable to list on another exchange until clouds have cleared here in Aus (ASIC).

I'm happy to hear a plausible case for de-listing that is positive for ordinary shareholders. As mentioned before I imagine there are a number who have shares in Super funds that allow ASX300 investments who will most likely lose those shares if the company de-lists.