In Specie Distribution of 3D Resources Shares-As at the date of the prospectus (4 February 2021) the Company holds 15 million shares in Cosmo comprising71.16% of the issued capital.
The Company will distribute the Shares in specie to Eligible 3D Resourcesshareholders recorded on the register at 5.00pm AEDT on the In-specie Distribution Record Date of 17 March2021 with the distribution proposed to be undertaken on 18 March 2021.
* (1.)The Company will not be issuing anyShares under the In-specie Distribution
IMO, this is a poorly worded statement and will be confusing for some shareholders.. *(1.) this statement refers to DDD "shares" securities.
- Basically, investors holding DDD shares on the record date of the 17th of March will receive their allocation of free Cosmo shares relevant to their current holding on the record date.
(At least this is my understanding)
happy to be corrected
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