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former shareholders in this company may have unclaimed money arising from the compulsory acquisition of their shares - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service | 31/03/2022 |
delisted pursuant to Listing Rule 17.15 following the failure of the Company to pay listing fees (this followed the acquisition of the company by GE Capital) | 29/08/1997 |
we understand GE Capital's offer of 43 cents cash per share secured acceptances which entitled it to approximately 86% of Loscam's issued capital - GE Capital was therefore unable to move to compulsory acquisition - subsequently the board decided that it was in the best interests of the remaining 92 shareholders (approximately 48 of whom held parcels of shares with a market value of less than $2000) to have the company delisted from ASX - we understand Loscam was intending to implement a selective buyback of the shares of the minority shareholders later in the year at a price of 43 cents cash per share | 29/08/1997 |
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