iSignthis released Shareholder Update
The Australian Securities and Investments Commission (“ASIC”) has confirmed in writing that it did not request the suspension of iSignthis securities (ASX: ISX | FRA: TA8) (“the Company”), and has referred ISX to the Australian Securities Exchange (“ASX”) for an explanation as to why the Company’s shares were suspended on 2nd October 2019.
A written statement from ASIC’s Markets Enforcement desk received by ISX on November 7 states “the decision by ASX to suspend ISX Ltd from trading on 2 October 2019 was not made with a direction from ASIC”.
ISX chief executive John Karantzis said re-quotation of the Company’s securities was now at the discretion of the ASX.
“It has taken us more than a month to get an answer to a simple question about who actually asked for the suspension of ISX shares,” said Mr Karantzis.
The ASX has sent ISX a third round of questions, with responses due on the 15th November 2019.
The Company will provide further updates as details become available.
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