AI assistant
CODEIFAI LIMITED — Regulatory Filings 2021
May 19, 2021
64630_rns_2021-05-19_108bbeec-53c2-48ab-8e69-a007c6be6b71.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [96 x 40] intentionally omitted <==
ASX ANNOUNCEMENT ASX: YPB | 20 May 2021
Small Shareholding Sale Facility
Product authentication and consumer engagement solutions provider YPB Group Limited (ASX: YPB) is pleased to announce that it has established a small shareholding sale facility ( Sale Facility ) for shareholders who hold less than A$500 worth of fully paid ordinary YPB shares ( Small Shareholding ). This Sale Facility enables holders of a Small Shareholding to sell their shares without incurring brokerage or handling costs that might otherwise make a sale of their shares uneconomic or difficult.
As at market close on 19 May 2021 ( Record Date ), a Small Shareholding in YPB is any shareholding of 250,000 shares or less, based on the closing price of A$0.002 per share. This represents approximately 165,387,062 ordinary YPB Shares, held by 1,744 shareholders (representing approximately 3.31% of total issued capital).
In accordance with YPB's constitution and the ASX Listing Rules, the attached letter (which constitutes Notice for the purposes of clause 11 of the constitution) and Share Retention Form will be sent to all shareholders holding a Small Shareholding as at the Record Date.
YPB will fund the transaction costs and brokerage fees (except for tax on income or capital gains of the shareholder) associated with the sale.
Shareholders with a Small Shareholding who wish to retain their shareholding need to give YPB written notice by returning the Share Retention Form by no later than 5 July 2021 ( Closing Date ) or acquire additional YPB shares prior to that time such that their holding (as at the Closing Date) does not constitute a Small Shareholding, otherwise their shares will be sold by YPB. Under the Sale Facility, the Small Shareholdings will be sold on-market by YPB (acting as the agent for the holders of the Small Shareholdings).
Shareholders wishing to take advantage of the Sale Facility and have their shares sold by YPB do not need to take any action.
If shareholders have any questions in relation the Sale Facility, please contact YPB's share registry, Boardroom Pty Limited, on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia).
Key dates
An Indicative timetable of key dates in relation to the Sale Facility are as follows:
| Record Date | 19 May 2021 |
|---|---|
| Sale Facility Announcement to ASX | 20 May 2021 |
| Letter sent to Shareholders | 24 May 2021 |
| Sale Facility Closing Date (last day for return of the Share Retention Form) |
5 July 2021 |
YPB Group Limited Suite 1, 295 Rokeby Road Subiaco, Western Australia 6008, AUSTRALIA
ypbsystems.com
==> picture [96 x 40] intentionally omitted <==
These dates are indicative only, and may change (subject to compliance with applicable legal and regulatory requirements).
This announcement has been authorised by the Board of YPB Group Limited.
Ends.
For further information please contact:
Investor enquiries
YPB Group Limited Suite 1, 295 Rokeby Road Subiaco, Western Australia 6008, AUSTRALIA
ypbsystems.com