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.
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.