Response to ASX Price Query
Released
Released
Announcement PDF
Strike Energy Limited
ACN 078 012 745
14 March 2016
Kimberley Brown
Senior Adviser, Listing Compliance (Sydney)
Australian Stock Exchange
20 Bridge Street
Sydney NSW 2000
120B Underwood Street
Paddington, NSW 2021
PO Box 400, Woollahra, NSW 1350
P: +61 2 9397 1420
F: +61 2 9397 1430
E: strike@strikeenergy.com.au
www.strikeenergy.com.au
Dear Kimberley
STRIKE ENERGY LIMITED – PRICE QUERY
In reply to your letter dated 14 March 2016, we answer your questions (using the same
numbers) as follows:
1. The Company is not aware of any information concerning it that has not been
announced which, if known by some in the market, could explain the recent trading
in its securities.
2. Not applicable.
3. The Company is not aware of any other explanation for recent trading in its
securities.
4. The Company confirms that it is in compliance with the listing rules and, in
particular, listing rule 3.1.
Yours sincerely,
Sean McGuinness
Chief Financial Officer and Company Secretary
14 March 2016
Sean McGuinness
Chief Financial Officer
Strike Energy Limited
120B Underwood Street
Paddington NSW 2021
By email:
Dear Mr McGuinness
Strike Energy Limited (the “Entity”): ASX price query
We have noted a change in the price of the Entity’s securities from a close of $0.120 on Friday, 11 March
2016 to an intraday high of $0.145 at the time of writing today, Monday 14 March 2016.
We also note an increase in the trading volume of the Entity’s securities.
In light of the price and volume increase ASX asks you to respond separately to each of the following
questions:
1.
Is the Entity 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 the Entity relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in the Entity’s securities would suggest to ASX that such
information may have ceased to be confidential and therefore the Entity 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)
3.
If an announcement cannot be made immediately, why not and when is it expected that an
announcemant will be made?
If the answer to question 1 is “no”, is there any other explanation that the Entity may have for the
recent trading in its securities?
ASX Compliance
Pty Limited
ABN 26 087 780 489
20 Bridge Street
Sydney NSW 2000
www.asx.com.au
Customer service 13 12 79
4.
Please confirm that the Entity is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
When and where to send your response
This request is made under, and in accordance with, Listing Rule 18.7. Your response is required as soon as
reasonably possible and, in any event, by 1.30 p.m. AEDT on 14 March 2016. If we do not have your response
by then, ASX will have no choice but to consider suspending trading in the Entity’s securities under Listing
Rule 17.3.
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, the Entity’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.
ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements
Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the
market.
Your response should be sent to me by e-mail or by facsimile to (02) 9241 7620. 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.
Listing Rule 3.1
Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a
reasonable person would expect to have a material effect on the price or value of the entity’s securities.
Exceptions to this requirement are set out in Listing Rule 3.1A.
The obligation of the Entity to disclose information under Listing Rules 3.1 and 3.1A is not confined to, nor is
it necessarily satisfied by, answering the questions set out in this letter.
In responding to this letter, you should have regard to the Entity’s obligations under Listing Rules 3.1 and
3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B.
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 the Entity’s securities under Listing Rule 17.1.
If you wish a trading halt, you must tell us:
•
the reasons for the trading halt;
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•
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 may 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.
If you have any queries or concerns about any of the above, please contact me immediately.
Yours sincerely
Kimberley Brown
Senior Adviser, Listings Compliance (Sydney)
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