Business
Aureka Limited - SHARE SALE FACILITY FOR HOLDERS OF LESS THAN MARKETABLE PARCELS
Aureka Limited - SHARE SALE FACILITY FOR HOLDERS OF LESS THAN MARKETABLE
About this update from Aureka Limited
Aureka Limited (ASX: AKA) (Aureka or the Company) is pleased to announce that it has established a share sale facility (Facility) for shareholders who hold a parcel of fully paid ordinary shares in the Company (Shares) with a market value of less than $500 , each a Less than Marketable Parcel (also referred to as 'unmarketable parcels'). Based on the price of shares at the close of trading on Friday 4 July 2025 (Record Date) of $0.115 , a holding of 4,347 Shares or less constitutes a Less than Marketable Parcel. This represents 1,001,227 Shares held by 4,352 shareholders (LMP Holders), out of a total of 5,187 shareholders on the Company's register on the record date. The Company is providing the Facility to enable LMP Holders the opportunity to sell their Shares without having to act through a broker or incurring any brokerage or handling costs that would otherwise make a sale of their shares uneconomic or difficult. The Company will pay all costs associated with the sale and transfer of Shares through the Facility (excluding any tax consequences of the sale, which will be the responsibility of relevant shareholders). The Company expects the sale of the Less than Marketable Parcels through the Facility will also benefit the Company, as it is expected to reduce administrative costs, including printing and mailing costs and share registry expenses associated with maintaining a large number of very small holdings. In accordance with the Company's Constitution and the ASX Listing Rules, the attached letter and share retention form (Share Retention Form) will be sent to all LMP Holders on the Record Date. LMP Holders wishing to take advantage of the Facility and have their shares sold by the Company do not need to take any action. LMP Holders who wish to retain their Shares must 'opt-out' of the Facility by returning their duly completed Share Retention Form to the Company's share registry ( Boardroom Pty Limited ) in accordance with the instructions on the Share Retention Form, by no later than 5.00pm (AEST) on Friday, 22 August 2025 (Closing Time). Any shareholder who holds Less than Marketable Parcel and does not return a duly completed Share Retention Form by the Closing Time will have to their Shares sold through the Facility. Aureka has appointed Canary Capital as Sale Agent to sell the Shares under the Facility, and the process from the sale of the Shares will be remitted to participating shareholders as soon as practicable following settlement of all Shares sold through the Facility. The Company reserves the right to change any of the dates referred to in this announcement or the attached letter and Share Retention Form, or to vary, cancel or delay the Facility or the sale of Shares at any time before Shares are sold, by making an announcement to ASX. The Company has the ability to establish the Facility and facilitate the sale of Less than Marketable Parcels under clause 10 of the Company's Constitution and rule 15.13 of the ASX Listing Rules. The Company does not provide any recommendations or provide advice as to whether LMP Holders should sell or retain their Shares. If you need help deciding what to do, or if you require information regarding the financial, legal or tax consequences of participating in the LMP Facility, you should consult your suitably qualified legal, financial or taxation adviser. Contact: [email protected] Tel: (03) 9692 7222 (C) 2025 Electronic News Publishing, source ENP Newswire