Read in "Demerger Update and Notice of Meeting & Prospectus" by 1 June in section 3.10:
The Company has determined that it would be unreasonable to issue CowanShares under the Demerger to those Shareholders on the Record Date with anaddress outside Australia (Overseas Shareholders) having regard to:
(a) the number of shareholders with addresses outside these countries;
(b) the number and value of the shares those shareholders would otherwisehave been entitled; and
(c) the cost of complying with the legal requirements, and requirements ofregulatory authorities, in each of the countries concerned.
Shareholders who have a registered address outside Australia as at the date of thisNotice are able to update their registered address on Tawana’s share register priorto the Record Date by contacting the Company’s share registry, ComputershareInvestor Services Pty Limited on 1300 850 505 (within Australia) or +61 3 9415 4000(outside Australia) or the Company Secretary. If a Shareholders’ registered addressremains outside Australia as at the Record Date they will be treated as anOverseas Shareholder for the purposes of the Demerger.
Accordingly, Overseas Shareholders on the Record Date will not be issued theCowan Shares to which they would otherwise be entitled and instead their CowanShares will be issued to Tawana to be held on their behalf, pending a liquidityopportunity.
But I did receive my Cowan shares without updating anything. Hence, I conclude my Austrian (not Australian!) bank/broker works through an Australian broker and therefore I am a "Shareholder with Address Registered in Australia". Anyway, still clarifying with my Austria bank.
