Asx Listing Rules Restriction Agreement
Those rules would have extended resource explorers and required them to include in their quarterly activities an explanation as to whether a category of expenditures listed in Annex 5B for the current quarter deviated materially from the estimated cash outflows for the current quarter set out in Annex 5B for the previous quarter. The introduction of these new rules would be contrary to the deletion of point 9 of Annex 5B. ASX notes that all performance barriers for performance sharing must be `appropriate and fair`.  It is stated that performance shares should not be subject to performance thresholds linked to the price of the company`s common shares after listing for managers, financial advisors and seed capitalists.