ISX statement of claim released 5.12.19 on page 3 suggests that...

ISX statement of claim released 5.12.19 on page 3 suggests that any suspension should only be in relation to current compliance and not historical matters (ie) performance shares.

PARTICULARS

The terms were implied by operation of law.5. Further, by reason of the matters set out in paragraph 4 above, ASX’s power to suspend the shares of ISX from quotation on the Australian Securities Exchange:

(a) was, and is, to be exercised for the purpose of ensuring current compliance with the Listing Rules so that the market is being operated in accordance with its operating rules; and

(b) was, and is, not to be exercised for the purpose of punishing ISX in respect of alleged historical compliance issues.

Is this merely ISX’s legal interpretation or do they have a signed contract to that affect which strengthens ISX case against ASX?