On 28 April 2022, Etherstack Plc announced that it had established a CHESS Depositary Interest (CDI) Sale Facility for holders of less than a marketable parcel of CDIs in the Company (Facility). The ASX Listing Rules defines a ‘Marketable Parcel’ as those holdings of CDIs with a market value of $500 or more.
This Facility was available to CDI holders who, on 27 April 2022 (Record Date), were holders of CDIs valued at less than $500 (each being a Small Holding). Based on the closing price of $0.375 per CDI on the Record Date, a Small Holding is any holding of 1,333 CDIs or less.
CDI holders with a Small Holding were instructed to return the Notice of Retention of CDIs Form (Retention Form) by no later 5:00 pm AEST on 16 June 2022 if they wished to retain their CDIs.
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