Why were AC8 shares "Divested", page-3

First 3 Last

Share
Profile

Follow
Nigel383

212 Posts.

332

07/08/24

13:27

Post #: 75108655
Share

Originally posted by floki: ↑

Probably this...?

12 February 2021 - AusCann Group Holdings Limited (ASX: AC8) (AusCann or the Company) is pleased to announce that it has completed the small shareholding sale facility (Facility) for shareholders with holdings valued at less than A$500 which was announced to ASX on 17 July 2020. The Facility provided these shareholders with an opportunity to sell their shares in AusCann without incurring brokerage or handling costs.

As at market close on 16 July 2020 (Record Date), the Company had 23,079 shareholders of which 14,622 of these shareholders had a market value of less than A$500 (Unmarketable Parcels), which represented 17,782,490 fully paid ordinary shares. On 28 October 2020, the Company suspended the Facility following the appointment of Corporate Advisory firm Kidder Williams who were engaged by the Company to explore potential strategic acquisition opportunities. This allowed shareholders holding Unmarketable Parcels as at the Record Date with a further opportunity to take back their shares rather than having their shares sold through the Facility. On 16 November 2020, the Company announced it had entered into a scheme implementation deed with CannPal Animal Therapeutics Limited (ASX:CP1) (CannPal) under which AusCann will acquire 100% of the issued share capital of CannPal under a scheme of arrangement. The Scheme of Arrangement Booklet was released to the ASX by CannPal on 3 February 2021 and the Scheme meeting will be held on 8 March 2021.

The final number of shares eligible to be sold under the small shareholder sale facility was 7,964,285 fully paid ordinary shares, representing approximately 2.5% of AusCann’s total issued capital, from 7,748 shareholders.

Expand

Thank you Floki, i was looking for something like this but could find nothing around 23 Sept 2020 which was last tx on NabTrade for her. Appreciate you time and response. Cheers.

AC8 Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China