AHC - Gold Coast Property Developers

Low Volume Market Introduction

AHC Limited is an unlisted public company and disclosing entity. AHC Limited’s shares are not listed on any licensed market or exchange, including the Australian Securities Exchange (ASX). In order to provide shareholders with some liquidity for their shares, AHC Limited has received approval from the Australian Securities and Investments Commission (ASIC) to operate a low volume financial market under an exemption provided by section 791C of the Corporations Act 2001 and in accordance with the Corporations – (Low Volume Financial Markets) – exemption notice 2003. It is important to note the following:

  • AHC Limited is not licensed under Part 7.2 of the Act.
  • AHC Limited is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.

 

General Rules

AHC Limited will record the aggregate total volume and value of transactions conducted on the market to ensure that no more than 100 (one hundred) completed transactions with a total value (measured by sale price) of not more than $500,000 (five hundred thousand dollars), are entered into during any 12 month period. Therefore, if a transaction would cause either the total volume or value of all transactions entered into in any 12 month period to exceed either of those limits, AHC Limited may not approve the transaction or suspend the market to the start of the subsequent 12 month period. In such a case interested Sellers and Buyers would have the option of either waiting for the next 12 month period to commence or find a counter party themselves (i.e. a party that is not on the Register).

All share transactions are to comply with AHC Limited’s constitution.

The matching, negotiation and execution of any transaction that occurs will take place between the Buyer and Seller without any involvement from AHC Limited. Settled transactions will be processed by AHC Limited’s share registry, Link Market Services Limited (Registry). Once the transactions have been processed by the Registry, the Company Secretary will then update the register of sellers and buyers.

 

Important Notices Relating to the Low Volume Market

Pricing

AHC Limited has no role in that negotiation and pricing of any trade under the Low Volume Market. Financial information lodged with ASIC (available in the Annual Reports and shareholder notices Investor section of our website) may assist parties in their negotiations. Before completing your trade, you should check this section for any recently added information.

Tax Consequences

AHC Limited is unable to provide you with any advice in relation to the potential tax consequences of any sale as each shareholder’s circumstance are different. You should obtain your own taxation, financial and investment advice in relation to the consequences of any sale before entering into any transaction to sell or buy AHC Limited shares.

Finding a Buyer or Seller Outside of the Low Volume Market

The low volume market provides you with one way to potentially locate a buyer or seller of AHC Limited shares. You may find your own buyer for your shares outside of the market.

Confirming that the Seller is the True Owner of Shares they are Selling

Each AHC Limited shareholder is issued with a holding statement for their AHC Limited shares. AHC Limited takes no responsibility for and has no liability to any buyer who does not receive good title to any AHC Limited shares they have paid for.

+61 7 5573 2666

Shop 25 + 26 Worongary Town Centre
1 Mudgereeba Road
Worongary
QLD, 4213
Tweed Heads, 2485