ASX to extend capital raising relied measures – NEWS.com.au

The Australian Stock Exchange will extend its COVID-19 emergency measures allowing listed companies to gain easier access to capital.The ASX has announced it will extend its capital raising relied measure until November 30, noting increasing infection rates overseas had caused uncertainty about when the global economy can recover from the pandemic.
Its temporary relief measures allow ASX-listed entities to raise capital urgently via the sharemarket if a respective company needs to increase liquidity buffers.
The ASX noted the decision was also made in light of the Victorian shutdown and uncertainty about the nature of government financial support after September.
“The new date takes account of ASIC’s extension of the deadline for listed companies to lodge their audited accounts for the year ended 30 June 2020 until 31 October 2020,” the ASX said in a statement.
“It gives companies a further month to complete a capital raising, if they decide they need one, after publishing their audited accounts by the revised deadline.”
As of June 30, 60 listed companies had issued on-market liquidity raisings in response to the coronavirus pandemic, including NAB, Qantas and Flight Centre.

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