Animoca Brands Corporation Limited has answered some frequently asked questions concerning the company’s delisting from the ASX earlier this week.
What happens to my shares now that AB1 is delisted?
Although Animoca Brands shares are no longer tradeable on the ASX, you still own your shares, and that ownership is still registered with the company’s share registry, Automic.
Can I sell my shares while the company is not listed?
Yes, you can sell your shares privately to another individual by using the appropriate private transfer of shares sales forms available from Automic.
Once you have transacted the shares, you will need to register that transaction with the registry.
Will the company buy back my shares?
No, the company is not currently buying shares (and has no mandate from the shareholders to do so).
What happens if the company lists on another exchange?
In the event that Animoca Brands lists on another exchange, shareholders would be notified of the plans for listing and how this would affect their shareholding. Should any new shares listed on another exchange be issued to shareholders, the company will advise shareholders on the way in which they can register and trade those shares.
What happens to my existing shares if the company lists on another exchange?
Any proposal concerning a listing and what happens to existing shares will need to be outlined in detail in a Notice of Meeting, and will then be discussed and voted on by Animoca shareholders at the subsequent shareholders meeting.
How long will it take to list on another exchange?
This is difficult to say at this time, but it is something the board of directors and management are working on and hope to complete as soon as possible.
How can I be kept informed what’s going on?