Response to ASX Price and Volume Query
Released
Released
Announcement PDF
30 December 2024
ASX Compliance
Level 40, Central Park
152-158 St Georges Terrace
PERTH WA 6000
by email: ListingsCompliancePerth@asx.com.au
Adisyn Ltd
Adisyn Ltd (ASX: AI1) (Company) refers to your price query letter dated 30 December 2024 and provides the
following responses.
1. Is AI1 aware of any information concerning it that has not been announced to the market which, if known by
some in the market, could explain the recent trading in its securities?
No.
2. If the answer to question 1 is “yes”.
(a) Is AI1 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note
that the recent trading in AI1’s securities would suggest to ASX that such information may have ceased
to be confidential and therefore AI1 may no longer be able to rely on Listing Rule 3.1A. Accordingly, if
the answer to this question is “yes”, you need to contact us immediately to discuss the situation.
Not applicable.
(b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you
need to contact us immediately to discuss requesting a trading halt (see below).
Not Applicable
(c) If an announcement cannot be made immediately, why not and when is it expected that an
announcement will be made?
Not applicable.
3. If the answer to question 1 is “no”, is there any other explanation that AI1 may have for the recent trading
in its securities?
On the 18 December 2024 the Company announced the successful completion of Due Diligence for the
acquisition of 2D Generation and that the Company is progressing to settlement in January 2025.
4. Please confirm that AI1 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
Confirmed
5. Please confirm that AI1’s responses to the questions above have been authorised and approved under its
published continuous disclosure policy or otherwise by its board or an officer of AI1 with delegated authority
from the board to respond to ASX on disclosure matters.
Confirmed
Your Sincerely,
Ms Kyla Garic
Company Secretary
Adisyn Ltd
Adisyn Ltd | ACN 155 473 304 | 1300 331 888 | 2 – 3/4 McGrath Road, Henderson, WA 6166 | adisyn.com.au
30 December 2024
Reference: ODIN104906
Ms Kyla Garic
Company Secretary
Adisyn Ltd
C/- Onyx Corporate Suite 7
63 Shepperton Road
Victoria Park, Western Australia 6100
By email: kyla.garic@onyxcorporate.com
Dear Ms Garic
Adisyn Ltd (‘AI1’): Price and Volume - Query
ASX refers to the following:
A. The change in the price of AI1’s securities from a low of $0.074 at the close of trade on Friday, 27 December
2024 to an intraday high of $0.095 at the time of writing this letter today.
B. The significant increase in the volume of AI1’s securities traded today.
Request for information
In light of this, ASX asks AI1 to respond separately to each of the following questions and requests for
information:
1. Is AI1 aware of any information concerning it that has not been announced to the market which, if known by
some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is “yes”.
(a)
Is AI1 relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please
note that the recent trading in AI1’s securities would suggest to ASX that such information may
have ceased to be confidential and therefore AI1 may no longer be able to rely on Listing Rule 3.1A.
Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss
the situation.
(b)
Can an announcement be made immediately? Please note, if the answer to this question is “no”,
you need to contact us immediately to discuss requesting a trading halt (see below).
(c)
If an announcement cannot be made immediately, why not and when is it expected that an
announcement will be made?
3. If the answer to question 1 is “no”, is there any other explanation that AI1 may have for the recent trading in
its securities?
4. Please confirm that AI1 is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that AI1’s responses to the questions above have been authorised and approved under its
published continuous disclosure policy or otherwise by its board or an officer of AI1 with delegated authority
from the board to respond to ASX on disclosure matters.
ASX Limited [[Listings]]
#10846812v1
ASX Customer Service Centre 131 279 | asx.com.au
When and where to send your response
This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in
any event, by no later than 2:30 PM AWST Monday, 30 December 2024. You should note that if the information
requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall
within the exceptions mentioned in Listing Rule 3.1A, AI1’s obligation is to disclose the information ‘immediately’.
This may require the information to be disclosed before the deadline set out in the previous paragraph and may
require AI1 to request a trading halt immediately.
Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au. It should not be sent
directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it
is in a form appropriate for release to the market, before it is published on the ASX Market Announcements
Platform.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and
an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request
a trading halt in AI1’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:
•
the reasons for the trading halt;
•
how long you want the trading halt to last;
•
the event you expect to happen that will end the trading halt;
•
that you are not aware of any reason why the trading halt should not be granted; and
•
any other information necessary to inform the market about the trading halt, or that we ask for.
We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement
of normal trading on the second day after the day on which it is granted. You can find further information about
trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
Suspension
If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in AI1’s
securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to AI1’s obligations under Listing Rules 3.1 and 3.1A and also
to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that AI1’s obligation to
disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the
questions set out in this letter.
Release of correspondence between ASX and entity
ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence
between us to the market under Listing Rule 18.7A.
Yours sincerely
ASX Compliance
2/2
ASX Customer Service Centre 131 279 | asx.com.au
#10846812v1
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