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OPTION 1: Sell CDIs on the ASX on or before the date that the CDIs are suspended from ASX
quotation
As noted above, CDI Holders will be informed that they may sell their CDIs on the ASX on or before
the CDIs are suspended from ASX quotation. If a CDI Holder elects to do so, they will be responsible
for any costs associated with the sale of their CDIs, including any broker commissions and taxes.
OPTION 2: Convert CDIs into the underlying securities that can be traded on the NASDAQ
CDI Holders will be given the option to convert their CDIs into the underlying securities that can be
traded on the NASDAQ by completing a CDI cancellation form and returning it (together with
certified identification documentation where required) to the Company’s Australian CDI registry,
Computershare Investor Services Pty Limited (Computershare). This would allow the CDI Holder to
trade their securities on the NASDAQ once the conversion is complete. CHESS holders must arrange
for their sponsoring broker to convert their CDIs to an issuer sponsored holding before requesting
to convert their CDIs into the underlying securities.
OPTION 3: Do nothing – CDIs are automatically converted into the underlying securities that can
be traded on the NASDAQ
A CDI Holder may choose to do nothing (i.e., not proceed with Option 1 or Option 2).
Following delisting, any remaining CDI Holders will have their CDIs automatically converted into the
underlying securities held registered directly in their own name on the Company’s United States
share register in book-entry form (uncertificated) in the Direct Registration System (DRS), and
quoted on the NASDAQ. DRS is the equivalent of holding securities in issuer sponsored form in
Australia and is evidenced by a DRS advice. Those securities will only be capable of trading on the
NASDAQ. This is likely to occur on, or around 26 January 2024.
In other words, Option 3 will automatically apply to CDI Holders who choose to do nothing.
As noted above, CDI Holders will be sent a letter by post or email which provides further details
regarding the options available to them relating to their CDIs and the delisting process. |
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