Coming back to the whole Superhero option.
Interesting requirement in UWL SPP booklet.
Custodians – If you hold UWL Shares as a custodian (as defined in INS 2019/547) for one or more Beneficiaries (as defined below), the SPP Offer is made to the custodian and, subject to a number of conditions, the custodian has the discretion to extend the SPP Offer to the Beneficiaries.
The custodian may apply for a minimum of $1,000 up to a maximum amount of $30,000 of New Shares for each Beneficiary, however, UWL will not issue New Shares unless the custodian certifies the matters set out in paragraph 8 of INS 2019/547 in a certificate ( Custodian Certificate) which it will need to provide to UWL's share registry, Boardroom Pty Limited ( Share Registry) so that it is received by 5.00pm (AEDT) on the closing date of 20 January 2021.
A Beneficiary is a person who resides in Australia or New Zealand (and is an Eligible Shareholder) for whom a custodian held UWL Shares on behalf of the Beneficiary on the Record Date, and who is not, or is not acting for the account or benefit of, a U.S. Person.
Custodians can obtain a Custodian Certificate by emailing: [email protected].
Applications received from custodians must be accompanied by a duly completed and signed Custodian Certificate. Custodians will not be entitled to participate in the SPP Offer if their participation would be in breach of INS 2019/547.
I wonder if Superhero are going to be bothered to do this for $5?
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