viewMetminco Ltd

Metminco Limited urges shareholders to get their skates on

It's hard to say goodbye but it will be harder if shareholders do not voluntarily contact their broker by October 25 to effect a transfer of their holdings to the Australian share registry

London Stock Exchange
Computershare is providing follow-up communications to the nominees stressing the importance of them contacting the beneficial depository interest holders

Metminco Limited (LON:MNC) has urged shareholders to voluntarily transfer their holdings to the Australian share registry agent ahead of the October 25 deadline.

The company, which is exiting AIM on October 17, said UK shareholders will be required to withdraw their Metminco shareholding from CREST, the UK central securities depositary, and register their holdings with Metminco's Australian registry, Link Market Services Limited.

READ: Metminco join s electric vehicle charge with nickel acquisition

Metminco's UK Depositary, Computershare Investor Services PLC (CPU UK), has contacted UK depository interest (DI) holders to advise them of the available options. Any shareholder who has not been contacted yet should get on the blower (+44 (0) 370 702 0003 ) to CPU UK pronto or contact them via their website, www.computershare.com/uk.

DI holders can voluntarily request the re-assignment of their shareholdings to the company's Australian register until 25 October 2018.

DI holders should contact their broker (as nominee) and provide instructions to effect such a transfer in line with CPU UK's correspondence, Metminco said. After October 25, the balance of the DI UK holdings will be automatically moved to Link.

Once on Link, Metminco shareholders will receive a Securityholder Reference Number (SRN) that uniquely identifies their holdings on the Link Issuer Sponsored sub-register; the SRN will enable shareholders to trade their shares on the Australian Stock Exchange.

If the transfer is not done voluntarily then the process of transferring the holdings over to the Aussie register becomes more onerous for the UK broker and the shareholder as it requires further verification documentation and associated fees for Link to process.

Quick facts: Metminco Ltd

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metminco Ltd named herein, including the promotion by the Company of Metminco Ltd in any Content on the Site, the Company receives from said...



Metminco submits plan of works for Miraflores gold project

Ram Venkat, non-executive director at Metminco Ltd (ASX: MNC)(LON:MNC), tells Proactive they've submitted a plan of works to the Colombian Mining Agency for the Miraflores gold project. The plan follows Metminco’s announcement last year that it had established a reserve of 457,000 ounces...

on 31/1/18

2 min read