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SCIDEV LTD — Regulatory Filings 2016
Dec 1, 2016
65761_rns_2016-12-01_a9fe952e-f187-4648-9824-f04b9eef4a34.pdf
Regulatory Filings
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Suite 105 48 Atchison Street St Leonards NSW 2065
Phone: 0438 675 510 Email: [email protected] Website: www.intec.com.au ASX code: INL
Ms. Andia Petropoulos Adviser, Listings Compliance ASX Compliance Pty Limited 20 Bridge Street Sydney NSW 2000
2 December 2016
Dear Ms Petropoulos
Intec Ltd (“Intec” or the “Company”): ASX Price Query
We refer to your letter of today’s date, received via email, requesting a response in relation to the change in the price of Intec’s securities since 28 November 2016 and the increase in the volume of Intec securities traded today. The Company’s response to the questions contained in your letter are set out below.
1. Is the Company 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”:
Not applicable
3. If the answer to question 1 is “no”, is there any other explanation that the Company may have for the recent trading in its securities?
The Company has no explanation for the recent trading in its securities. However, the Company held its 2016 Annual General Meeting (“AGM”) on Wednesday 30 November 2016, at which a presentation on the Company activities was delivered by the Managing Director. This presentation was released to ASX prior to the commencement of the AGM.
4. Please confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
The Company confirms that it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
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5. Please confirm that the Company’s responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.
Yes
Yours sincerely Intec Ltd Kieran Rodgers Managing Director
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2 December 2016
Mr Robert Waring Company Secretary Intec Ltd Suite 302 Level 3 100 Mount Street North Sydney NSW 2060
By email: [email protected]
Dear Mr Waring
Intec Ltd (“Company”): price query
We note the change in the price of the Company’s securities from a low of 1 cent on 28 November 2016 to an intraday high of 1.7 cents today.
We also note the significant increase in the volume of the Company’s securities traded today.
In light of this, ASX asks the Company to respond separately to each of the following questions and requests for information:
- Is the Company 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?
In responding to this question, please consider in particular whether the Company is aware of any information that its earnings for the 6 month period ending on 31 December 2016:
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a) are likely to differ materially (downwards or upwards) from any earnings guidance it has given for the period; or
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b) if the Company has not given any earnings guidance for the period, are otherwise likely to come as a surprise to the market (by reference to analyst forecasts for the period or, if the Company is not covered by analysts, its earnings for the prior corresponding period)?
If the answer to question 1 is “yes”:
- a) Is the Company relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in the Company’s securities would suggest to ASX that such information may have ceased to be confidential and therefore the Company 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?
ASX Compliance Pty Limited ABN 26 087 780 489
20 Bridge Street Sydney NSW 2000
www.asx.com.au Customer service 13 12 79
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Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).
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c) If an announcement cannot be made immediately, why not and when is it expected that an announcemant will be made?
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If the answer to question 1 is “no”, is there any other explanation that the Company may have for the recent trading in its securities?
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Please confirm that the Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.
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Please confirm that the Company’s responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.
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 not later than 3:30pm AEDT on Friday, 2 December 2016 . If we do not have your response by then, ASX will have no choice but to consider suspending trading in the Company’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 Company’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. 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 Rules 3.1 and 3.1A
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.
In responding to this letter, you should have regard to the Company’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 the Company’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.
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 Company’s securities under Listing Rule 17.1.
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If you wish a trading halt, you must tell us:
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the reasons for the trading halt;
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how long you want the trading halt to last;
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the event you expect to happen that will end the trading halt;
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that you are not aware of any reason why the trading halt should not be granted; and
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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
[Sent electronically without signature]
Andia Petropoulos Adviser, Listings Compliance (Sydney)
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