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rushnlabs

322 Posts.

172

01/09/23

17:39

Post #: 69695373
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Originally posted by Rickali01: ↑

The plan is to delist from the ASX - so there will need to be some sort of mechanism to deal with shareholders with a small number of shares as their shares won't exist after a certain point in time. IHL could offer to buy them back but that would burn through most of our cash so would not be ideal.

In the same way, there will need to be a mechanism to deal with shareholders who have left over shares after the consolidation has been completed. For example, if the ratio comes out at 100:1, unless your current holding is a multiple of 100, you will have stranded shares at the end of the process. There will need to be a process that makes shareholders whole for these stranded shares.

This sort of stuff is common when a company delists and relists somewhere else - I am sure there will be a logical way to deal with it.

Cheers

R

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Page 13 of the Scheme Implementation Deed attached to the redomocile announcement:

IHL Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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