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Would we still have control of our shares or would we need to...

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Micko13

254 Posts.

24

01/11/22

09:39

Post #: 64516213
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Originally posted by OiaPhile: ↑

Interesting to note that 47% of KZA shares are now listed on the NASDAQ via ADR's (up from 39%). Should this threshold increase to over 50%, then KZA will lose its Foreign Issuer Status and will have to comply with a full listing on the NASDAQ.

The ATM facility has been established in the US. I don't think that it would take a large new share issue in the US to breach the 50% mark (unless KZA buys back ADR's and converts them to shares on the ASX).

Keen to see how this plays out.

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Would we still have control of our shares or would we need to have an account to comply with international holdings?

Cheers Micko

KZA Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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