SP1 0.00% $1.07 southern cross payments ltd

Listing Process (from Dec 2021 update)Step 1 : Restructure to a...

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  1. 62 Posts.
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    Listing Process (from Dec 2021 update)
    Step 1 : Restructure to a “Top Hat” a holding company above ISX Financial EU Plc to allow for: -a non operating holding entity that is established specifically for listing-appoint directors to “top hat” who have exchange experience-allow directors on subsidiaries to focus on prudential or technical operational matters-subsidiary re-organisation for tax effectiveness Process : General Meeting to approve restructure, which will be on a proportional basis for all shareholders
    Step 2 : Re-stimulate Growth -company’s growth has been stymied by its previous association with Australia and ASX-reinvigorate growth and show positive forward momentum.
    Step 3 : Complete a financial audit cycle - FY21 ends 31st December 2021. -Audit must be completed by end April 22 to meet EU regulatory requirements for publiccompanies.
    Step 4 : Prepare for Listing Mid 2022 -roadshow company to prospective brokers-decide on direct listing (no cap raise) versus a cap raise (dilutive).
    https://hotcopper.com.au/data/attachments/4799/4799751-2b0c778d052cd2be87c0bcd86ff1c78e.jpg
    The way I see it, the listing is on the way...
 
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Currently unlisted public company.

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