AKE 0.00% $9.83 allkem limited

Merger: Yes or No, page-385

  1. 4,081 Posts.
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    I got a reply from Allkem IR and did some further research. Exchanging my Allkem shares would probably be no problem, although I am still not 100% sure wether I would immediately get Arcadium Lithium shares or CDIs with the option to exchange them for the shares.

    However, I figured out that being able to vote might be become a real issue for me and other overseas shareholders. In the document(s) for my Allkem purchase(s) it says:

    - ALLKEM LTD. (AU0000193666/A3C8Z7) shares.
    - The depository is "Clearstream Luxemburg"
    - The location of the depository is "Australia"
    - The type of depository is "Wertpapierrechnung". (The literal translation would be "security invoice/bill/account" or something like that) I don't know the exact equivalent term for this in English but this is a Google translated explanation for the term "Wertpapierrechnung" from Wikipedia:

    "the securities (which can be both securities and documents) are not the property of the beneficiary, but are held in trust by a foreign entity as custodian. It is used for securities located abroad for which collective safekeeping is not possible due to the lack of a CSD link, regardless of whether they come from domestic or foreign issuers. The domestic custodian banks are “intermediate custodians” because it is not they themselves who act as custodians, but rather the correspondent banks abroad. The beneficiary therefore only has a contractual claim to the delivery of foreign securities, not ownership of them."

    SRN and HIN numbers are nowhere to be found.

    I got a feeling that this could mean that I am not able to vote. Does anyone know more about this? One week ago I contacted "computershare" in Australia via their online form to find out wether they can help me to find my SRN/HIN number, which I would need to be able to vote. I didn't get a reply yet.
 
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