Hey guys.... Can one please explain the below paragraph....
If the Small Holder’s holding of Cowan Shares was valued at less than a marketable parcel of shares under the ASX Listing Rules at the time the Small Holder acquired the Cowan Shares, the Cowan Directors may elect to sell the Cowan Shares held by a Small Holder without affording the shareholder the “opt-out” right described above.
I am going to be a small holder in Cowan lithium... because I have less that 27500 TAW shares...
Below is what I think should happen and please correct me if I am wrong...
COW shares less than marketable parcel.
I get a notice and in 6 week I respond to not sell my shares (Subject to Cowan is ASX listed)
If Cowan in not ASX listed then I will just hold the certificate of shares and my shares wont be sold.
Is this above correct? Am I missing something.... Can any one explain the process if they know...
Thanks heaps for your reply.... I dont have much funds to top up to 27500 right now.... would rather buy Cowan shares to increases my holding when ever it takes out its IPO.
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- Ann: Addendum to Notice of Meeting and Supplementary Prospectus
Ann: Addendum to Notice of Meeting and Supplementary Prospectus, page-49
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