AUSTRALIA

InterOil urges shareholders to maintain holdings

INTEROIL has advised Australian shareholders if they wish to convert their holdings of CHESS Depo...

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It said previously that the majority of its stock is traded on those two exchanges with the ASX representing less than 1 % of its total trading volume.

After the reconstruction some shareholders may end up with ‘odd lots’ of less than 100 common shares which did not entitle them to an annual report or notice of meetings. It urged shareholders to ensure they had at least 1000 CDIs prior to conversion.

It would still maintain a share register in Australia for six months after the delisting so shareholders can transfer or sell their shares.

It said if shareholders had not nominated to convert by the removal date, they would be deemed to have converted.

InterOil did not give a firm removal date, as it had yet to be determined by the ASX.

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