Wednesday 30th March 2022 |
Text too small? |
Wellington Drive Technologies (Wellington) recognises that many of its shareholders do not have a relationship with a sharebroker and the cost of brokerage is a disproportionately high relative to the value of their shareholding. To assist those shareholders, Wellington is today issuing notice that on 1 July it will exercise the power of sale of individual holdings on Wellington’s share register of less than 5,870.
Shareholders shall receive sale proceeds based on the volume weighted average price of Wellington’s shares calculated based on either 20 days prior or 5 days prior to the acquisition date (1 July), whichever is higher. Wellington will meet the expenses of the sale and buyback.
If shareholders do not want Wellington to acquire their shares pursuant to this notice, they must before 30 June 2022 either:
• increase their shareholding above the minimum number of shares.
• dispose of their shareholding; or
• Give notice that they wish to retain their shareholding.
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER