ASX Listing Rules and Continuous Disclosure

Stay on the right side of the ASX

Listed companies live under the ASX Listing Rules every day. The rules decide what you announce, when you announce it, and what your board must approve first. Getting it wrong can mean a trading halt, a query letter from ASX or reputational damage that takes years to repair.

Horizon Governance gives boards and executives clear, practical advice on the Listing Rules, so compliance becomes routine rather than a scramble.

Continuous disclosure

Under Listing Rule 3.1, a listed entity must tell ASX immediately about information a reasonable person would expect to have a material effect on the price or value of its securities. The exceptions in Listing Rule 3.1A are narrow, and confidentiality can be lost quickly.

We help you:

• decide whether information is market-sensitive and must be disclosed

• prepare and lodge announcements quickly and accurately

• manage trading halts and respond to ASX aware letters and price queries

• build a disclosure policy and escalation process your team will actually follow

Ongoing Listing Rules support

• Periodic reporting: half-year and annual reports, and quarterly activity reports where they apply

• Corporate actions: issues of securities, Appendix 2A and 3B lodgements, and waiver applications

• Director interest notices and securities trading policies

• Day-to-day questions on how a rule applies to your situation

Experience you can rely on

Michael Austin is an admitted NSW lawyer and Fellow of the Governance Institute of Australia. He has advised ASX-listed companies in mining, financial services and life sciences on the Listing Rules and corporations law.