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Etherstack - Minimum Holding CDI Buy back

Etherstack Plc (ESK or the Company) is pleased to announce that it intends to undertake a minimum holding buy-back for holders of less than a marketable parcel of CHESS Depository Interests (CDIs) in the Company (Buy-Back). Under the ASX Listing Rules, a marketable parcel of CDIs is a parcel of not less than $500, based on the closing price of CDIs on ASX.

The Buy-Back will allow CDI holders who hold less than a marketable parcel (Minimum Holding) of CDIs in the Company (Eligible Holders) to sell their CDIs back to the Company in accordance with the Company’s articles of association, at the Buy-Back price of $0.226 per CDI (Buy-Back Price), being the simple average of the last sale prices of the Company’s CDIs as quoted on the ASX for each of the 5 trading days before the Record Date. These CDIs will be cancelled once transferred to the Company in accordance with the Corporations Act 2001 (Cth) (Corporations Act).

For more information, download the attached PDF.

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