UNS 0.00% 0.5¢ unilife corporation

deferred settlement, page-6

  1. TDA
    11,411 Posts.
    lightbulb Created with Sketch. 137
    lol fox, firstly ring the US and let them know the President is in trouble.

    Secondly ring your broker and have it organised so that you can sell the shares if you need to. Because one CDI is worth 1/6th of what will become the common stock on Nasdaq they wont know exactly how many you hold (it's only going to be give or take 1 or 2 shares imo) until the implementation date (27th) by the looks of things. So this could be why brokers wont show exactly what your holding is until this time, but it's up to each broker really.

    I can just call mine now and buy or sell quite easily, have done many times before with other stocks listing rights issues etc.

    From the IM below, note the 2 less CDI's being issued due to rounding:

    Each CDI will be equivalent to an interest in one sixth of a Unilife Corporation Share. Accordingly, Scheme Shareholders will be entitled to receive six CDIs for every
    Unilife Corporation Share to which they are entitled under the Share Scheme. Fractional entitlements to Share Scheme Consideration will be rounded down to the nearest whole number of Unilife Corporation Shares (if a Shareholder has elected to receive Unilife Corporation Shares) or to the nearest multiple of six CDIs (if a Shareholder has elected to receive CDIs), after aggregating all holdings of the relevant Shareholder.

    Example:
    Number of Shares held on Scheme Record Date:
    581,900
    Entitlement to Share Scheme Consideration:
    96,983 Unilife Corporation Shares or 581,898 CDIs.



 
watchlist Created with Sketch. Add UNS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.