Past version: Effective from 10 Aug 2012 to 29 Feb 2016
An issuer on the watch-list may apply to the Exchange for its removal from the watch-list if it satisfies any one of the following requirements:—
(1) the issuer records consolidated pre-tax profit for the most recently completed financial year (based on the latest full year consolidated audited accounts, excluding exceptional or nonrecurrent income and extraordinary items) and has an average daily market capitalisation of $40 million or more over the last 120 market days on which trading was not suspended or halted. For the purpose of this rule, trading is deemed to be suspended or halted if trading is ceased for the full market day; or
(2) the issuer satisfies Rule 210(3) and either one of the following requirements:—
(a) cumulative consolidated pre-tax profit of at least $7.5 million for the last three years, and a minimum pre-tax profit of $1 million for each of those three years; or
(b) cumulative consolidated pre-tax profit of at least $10 million for the last one or two years. Rule 210(3)(a) applies to the last one year or last two years as the case may be.
The Exchange may approve the application, or reject the application if the Exchange is of the opinion that there are other factors that justify the continued inclusion of the issuer in the watch-list.
Amended on 10 August 201210 August 2012.