Not advice, but I would imagine that all shareholders who were registered at the record date will have the capital entitlement paid directly into their personal settlement account.
Shareholders don't have to take any action.
Again, like being a holder on the record date of dividends. You don't have to then ask for the payment.
The shares then cease to exist. The company is delisted and ceases to exist.
Again, happy to be corrected.
Milesy
TTB Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held