FAQ for delisting website (correct as at 30 Apr 2020)

A. Proposed delisting from Australian Securities Exchange (ASX)

In April 2020, the CoAssets board requested that the Company delist from the ASX for the following reasons.

ASX has advised that it intends to agree to the Company's request for delisting subject to the Company seeking approval of the shareholders by way of a special resolution.

B. Key Dates for the Delisting Process

The indicative timetable for the proposed delisting is set out below. Subject to the Corporations Act and ASX Listing Rules, the Company reserves the right to amend the indicative timetable without prior notice to shareholders

Event Date
Proxy cut off time 1.00pm Sydney time, 15 June 2020
General meeting 1.00pm Sydney time, 17 June 2020
Delisting date Close of trading on 19 June 2020

C. Frequently Asked Questions

1. Why is CoAssets Ltd delisting?

The Company’s reasons for delisting are shown above. In summary, the delisting is proposed due to:

2. What does an ASX delisting involve for CoAssets Ltd?

Delisting is the process by which the Company’s shares will be removed from the official list of the ASX and will no longer trade on the ASX.
This means that any shares held after 19 Jun 2020 would no longer be able to be traded on the ASX. However shareholders can continue to buy and sell their shares off market.

3. When will CoAssets Limited be delisted?

Subject to a special resolution of the Company’s shareholders, the Company’s shares will be delisted from the ASX as at close of trading on 19 June 2020.

4. What will happen to my shares after CoAssets Limited is delisted from the ASX?

There will be no change and you will continue to hold on to them.
While the Company will no longer be listed, because it has more than 50 shareholders, it will continue to be a public company and will have to comply with the requirements of the Australian Corporations Act.

5. What if I have more questions about CoAssets Limited’s delisting from the ASX?

If you have further queries, please contact the CoAssets Investor Relations team at [email protected].