Avarae Global Coins – Tender Offer and Delisting
Corporate action reference: 201601401
Please note we must be in receipt of your instruction by 14 October 2016.
Record Date: 20 October 2016 (17:00)
Subject to approval at an EGM to be held on 13 October 2016, the Company is proposing a Tender Offer for 20% of the shares in issue at GBP 0.115 per share.
Shareholders on the register as at 17:00 on 20 October 2016 can tender all or some of their shares with tenders in excess of the basic 20% entitlement only satisfied to the extent that other shareholders tender less than their full basic entitlements.
As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.
If you would like further information about the terminology used in this notification, please visit our Ask A Question site.
Option 1: Cash (Basic Entitlement)
Option 2: Oversubscribe
To reply to this event, please use the below link stating which option you would like to take.
Option 3: No Action (Default)
IF YOU WISH TO TAKE NO ACTION, OPTION 3, PLEASE DO NOT REPLY.
The Company is also proposing to cancel the admission of its ordinary shares to trading on AIM as of 08:00 on 25 October 2016, subject to shareholder approval.
We will aim to update your account within five business days of receiving the proceeds.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
If you are an ISA or SIPP client your options may differ.