Procedure for voluntary withdrawal of listing  |
|
|---|---|
| Rule: | I 2.25 |
| Date Requested: | Friday, June 22, 2012 |
| Requested By: | IQN |
| Date Approved: | Friday, July 6, 2012 |
| Approved By: | Compliance Committee |
| Issuer: | IQN |
| Securities: | IQN |
| Description of Rule: | 2.25 An issuer whose primary listing is on the Exchange may only voluntarily withdraw its listing if it gives the Exchange at least 90 days notice and the issuer has obtained the approval of the holders of each class of its listed securities by way of a three quarters majority vote at duly convened meetings of those holders. |
| Waiver Requested: | With intentions of delisting in favour of another Australian regulated market, the issuer sought relief from the shareholder approval requirements of LR 2.25. The issuer had achieved shareholder approval for constitution changes and full notice of the intended delisting was provided. |
| Effect of Waiver: | The requirement for shareholder approval was waived. |