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ETHERSTACK PLC — Regulatory Filings 2022
Jul 24, 2022
64877_rns_2022-07-24_58d726c6-6966-4c32-8601-c8618f178a5d.pdf
Regulatory Filings
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25 July 2022
ASX Announcement
ETHERSTACK PLC
("Etherstack" or the "Company")
Sale of CDIs in Less than Marketable Parcel Sale Facility completed
Etherstack is pleased to announce that the sale of CHESS Depository Instruments (CDIs) associated with the CDI Sale Facility for holders of less than a marketable parcel of CDIs (Facility) has been completed and the funds received.
Please see Etherstack’s ASX announcements dated 28 April 2022 and 17 June 2022 for further information about the Facility.
The final number of CDIs sold under the Facility was 377,514 from 629 CDI holders for total proceeds of $144,941.
Participants in the Facility will receive a proportionate share of the total sale proceeds from CDIs sold on their behalf under the Facility. All costs associated with the facility will be met by Etherstack and participants will receive the proceeds of the sale as soon as practicable.
The Company strongly encourages all CDI holders to update their banking and contact details online through Computershare’s Investor Centre website.
Alternatively, you may contact Computershare on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia). Payment will be made in Australian dollars by electronic transfer (where holders have previously provided banking details to the Company’s CDI registry) or alternatively, by cheque to the holders registered address.
The close of the Facility will reduce the number of CDI holders to approximately 1,000 and will reduce administrative costs associated with maintaining a large number of relatively small holdings on its CDI register.
Authorised for release by David Carter
Enquiries
Etherstack Investor Relations: David Carter, Chief Financial Officer Melanie Singh T: +61 2 8399 7500 T: +61 439 748 819 [email protected] [email protected]
English Registered Company No. 7951056 | ARBN 156 640 532
Sydney (GMT+10) . P : +61 2 8399 7500 . E: [email protected] London (GMT) . P: +44 207 734 0200 . E: [email protected] Yokohama (GMT +9) . P: +81 45 342 9050 . E: [email protected] New York (GMT-5) . P: +1 917 661 4110 . E: [email protected]
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About Etherstack plc (ASX:ESK):
Etherstack is a wireless technology company specialising in developing, manufacturing and licensing mission critical radio technologies for wireless equipment manufacturers and network operators around the globe. With a particular focus in the public safety, defence, utilities, transportation and resource sectors, Etherstack's technology and solutions can be found in radio communications equipment used in the most demanding situations. The company has R&D facilities in London, Sydney, New York and Yokohama.
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Visit our website: www.etherstack.com
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English Registered Company No. 7951056 | ARBN 156 640 532
Sydney (GMT+10) . P : +61 2 8399 7500 . E: [email protected] London (GMT) . P: +44 207 734 0200 . E: [email protected] Yokohama (GMT +9) . P: +81 45 342 9050 . E: [email protected] New York (GMT-5) . P: +1 917 661 4110 . E: [email protected]