Provides optionality for existing shareholders: Existing shareholders will have the flexibility to choose
to participate in the Company’s value creation by retaining ownership in Splitit as a private company
or to decrease ownership through trading on ASX prior to the completion of the Delisting. As a
private company, Splitit expects to have a partnership with PrimaryMarkets, a private share
trading platform, to facilitate periodic trading in Splitit shares during the period subsequent to the
completion of the Delisting. Nonetheless, there is no assurance or guarantee that there will be
sufficient liquidity in the private share trading platform to facilitate shareholders being able to sell
their shares.
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- Ann: Splitit obtains US$50 million commitment from Motive
Ann: Splitit obtains US$50 million commitment from Motive, page-34
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