Could this sell down be attributed to ineligible shareholders? Along with the current lithium sector sentiment?
"3.9 INELIGIBLE SHAREHOLDERS
If you are a Scheme Participant whose address shown in the Register on the Record Date is in an Ineligible Jurisdiction, AMAL will not issue AMAL Shares to you. In other words, if your address shown in the Register on the Record Date is a place outside Australia and its external territories, New Zealand, Hong Kong and Singapore, you will not be able to receive AMAL Shares as Scheme Consideration under the Scheme, unless AMAL and Tawana agree, acting reasonably, that it is lawful and not unduly onerous or impracticable to issue or provide a Scheme Participant with an address in an Ineligible Jurisdiction with AMAL Shares under the Scheme. Ineligible Shareholders should refer to Section 7.5 for further information.
The number of AMAL Shares that would otherwise have been issued to you under the Scheme will be issued to the Sale Agent as ASX Listed Shares. AMAL will procure that, as soon as reasonably practicable and in any event not more than 15 Business Days after the Implementation Date, the Sale Agent sells all of those ASX Listed Shares in such manner, on ASX, at such price and on such other terms as the Sale Agent determines in good faith and at the risk of the Ineligible Shareholders, and, as soon as reasonably practicable thereafter, remits to you the proportion of the net proceeds of such sale, after deducting any applicable brokerage, stamp duty and other selling costs, taxes and charges, to which you are entitled. The net proceeds will be paid to you in Australian dollars, unless you are an SA Holder"
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