I hold around half a percent of shares on issue. There are a few things I will have to consider, which I won't have time to do until next week.
1. Once ADS certificates are issued I need to know that I can transfer them to Commsec's US broker so that they are under by Commsec international share trading account. 2. I have to check that my SMSF can hold these ADS under "blind trust" although I assume it can. 3. I need to satisfy myself regarding ADS voting rights by reading the Form F-3 Registration Statement. 4. I would like to know what the current fees are for converting shares to ADS so that I can consider the pros and cons of whether to convert now for free or potentially convert at a later date and bear the costs myself.
KZA Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held