BRN brainchip holdings ltd

Ann: BrainChip Evaluates Redomiciling to US, page-257

  1. 67 Posts.
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    I quote from a poster from another forum that hopefully clarifies this with currently owning BRN shares via direct investment option in Australian Super.

    refer extract below

    ”It is not up to Australian super with how a company is delisted on the ASX so if the BOD of BrainChip wish to delist from the ASX and transfer to a US stock exchange then Australian Super will not force you to sell your shares.

    If. the BRN BOD state in their ASX announcement that they will honour and look after all their retail share holders etc transferring to the overseas stock exchange then it will happen on the T&C’s outlined by BRN BOD.

    The guy said once the delisting and transfer to new stock exchange has occurred then it may take a week or two before you see your investment switch in your own direct investment option with Australian Super but nothing to worry about as all the costs will be with BRN. Yes probably funded by LDA’s capital raise etc or any contract wins before the proposed ASX delisting.It is not up to Australian super with how a company is delisted on the ASX so if the BOD of BrainChip wish to delist from the ASX and transfer to a US stock exchange then Australian Super will not force you to sell your shares. If the BRN BOD state in their ASX announcement that they will honour and look after all their retail share holders etc transferring to the overseas stock exchange then it will happen on the T&C’s outlined by BRN BOD.The guy said once the delisting and transfer to new stock exchange has occurred then it may take a week or two before you see your investment switch in your own direct investment option with Australian Super but nothing to worry about as all the costs will be with BRN. Yes probably funded by LDA’s capital raise etc or any contract wins before the proposed ASX delisting”

    Hope this helps you and others but seek clarification from Australian Super as maybe your question was asked or interpreted differently with the person you spoke to.

    cheers
    Last edited by PRNEW74: 01/03/25
 
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