I don't think it's necessarily true.
"Any foreign Ardea shareholders unable by corporate law to participate in the in-specie distributionwill have their in-specie shares sold and the net proceeds paid to them."
I'm quite sure that it's nothing in my country's law that prevents me from getting my distribution. But maybe different depending on which country.
Ann: Godolphin Resources - a spin-out of Ardea's NSW tenements, page-27
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