Category Archives: Insights

  1. Proposed changes to the ASX listing rules

    Are you still getting your 2 cents worth? How ASX’s proposed guidance note amendments will affect back door listings

    The ASX released a public consultation paper in November 2018 proposing a raft of changes to the ASX Listing Rules and associated Guidance Notes. We explain how the proposed amendments will affect backdoor listings and in particular pre-emptive capital raisings and loans.

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  2. Hardey Resources Limited removed from ASX’s official list

    Too Hardey to Unscramble – ASX seeks to remove Hardey Resources Limited from official list

    Earlier this week, the ASX proposed strong action against Hardey Resources Limited (ASX: HDY) (Hardey or Company), proposing to de-list the Company. The move comes following a string of query letters issued by ASX in connection with two recent acquisitions by Hardey of Nelly Vanadium Pty Ltd (Nelly Vanadium) and Vanadium Mining Pty Ltd (Vanadium Mining).

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  3. Invoice. ASX Information Forms and Checklist (IFC)

    Over and above normal – ASX puts adviser fees under the microscope

    On 4 December 2018, ASX released a compliance update, which includes a revised Information Forms and Checklist (IFC) – being the form used to accompany an entity’s listing application. The IFC is used in the context of both initial public offers (IPOs) and backdoor listings.

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  4. Annual General Meeting Requirements 2018

    Annual General Meeting requirements

    We would like to take this opportunity to remind you of the requirement for listed companies with a 30 June year end to hold their Annual General Meeting (AGM) by 30 November 2018 and to set out some of the considerations that should be taken into account in preparing the notice of AGM.

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  5. ASIC action to a tardy retraction – how soon is now?

    ASIC recently published a media release concerning ASX-listed Gold Mountain Limited (GMN), which paid a fine of $33,000 and will be restricted from using a reduced content prospectus until 20 July 2019 following its failure to retract material misinformation in a timely manner.

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  6. Focus on spread by regulators (ASIC ban)

    Focus on spread by regulators

    Last week, ASIC banned a former financial advisor from providing financial services for seven years for falsifying spread. Following an investigation, ASIC found that Mr Mark Kawecki knowingly provided the ASX with false information regarding the identity of the beneficial holders of shares.

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  7. Stock market. Research reports on the ASX platform

    Research Reports on the ASX platform

    On Friday 11 May 2018, ASX released a compliance update which sets out that listed entities generally should not lodge a broker or analyst research report about the entity (Research Report) or an announcement referring to the release or contents of a Research Report for release on the ASX market announcements platform.

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  8. Twitter hashtag. Listed company social media policy

    Why your listed company should have a social media policy

    Could a Tweet really get a company’s securities suspended? What about an Instagram post or a WhatsApp message?

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