ASX Listing - What does it Mean?

Objective Corporation Limited - ASX:OCL

Objective Corporation listed on the Australian Stock Exchange (ASX) in August 2000, after trading as a private company for 13 years.

According to the Australian Securities and Investments Commission, there are approximately 1.4 million companies registered in Australia. Only a tiny proportion of them - just 1400 companies - are eligible to trade on Australia's only national stock exchange, the ASX.

Being "admitted to the official list" as a publicly listed company means Objective has passed certain thresholds - benchmarks sufficiently rigorous for it to be allowed to raise capital from the public, and to have its securities traded on the open market.

As a listed company, Objective has committed to high standards of corporate governance and ongoing transparency and disclosure. In addition to allowing investors to buy and sell Objective Corporation's securities with confidence these key ingredients provide customers with the reassurance that its supplier conducts open and accountable business practices.