The ASX has the final say but entities are required to indicate if they think is Price Sensitive they deal with hundreds a day and are unlikely to spend much time taking the entity to task so basically what the entity ticks gets the nod, but yes final say with ASX, since 2018.
ASX Market Announcements Changes to the process for lodging announcements - Frequently Asked Questions Q1: What is the main change? A. Listed entities will continue to lodge announcements via ASX Online. The main change in the lodgement process will be the addition of two questions. ASX will be asking listed entities to indicate at the time of lodgement: 1 Is the announcement being submitted ‘market sensitive’? 2 Does the announcement make material reference to another ASX-listed entity (i.e. might the announcement need to be cross-released against another listed entity?) The answers provided to these two questions serve as an indication to ASX only. ASX will make the final determination whether an announcement is market sensitive or requires cross-release against another listed entity.
IMU Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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