AWN has no role in the negotiation, pricing or execution of any trade conducted on the Market. Statutory financial reports and other company announcements
will be available for review on the Company’s website which may assist parties in their negotiations. In order to ensure they are fully informed; Sellers and Buyers are reminded to check this section of the Company’s website for any recently added information prior to finalising a transaction.Tax Consequences
AWN is not able to provide Sellers with any advice in relation to the potential tax consequences of any sale as each shareholder’s circumstances are different. The Company requests that Sellers and Buyers seek their own taxation, financial and investment advice in relation to the consequences of any sale prior to entering into any transaction to buy or sell AWN shares.Removing yourself from the Market Register or changing your price or volume
Details provided by Sellers and Buyers can be amended or removed from the Register by contacting the Company. The Company will provide contact details to facilitate registration on the Market register of interest. Finding a Seller or Buyer Outside of the Low Volume Market
The Market is one liquidity option available to Sellers and Buyers of AWN shares. An alternative option is to seek a counterparty outside of the Market.
If a transaction conducted on the Market would cause either the total volume or value of all transactions entered in any 12-month period to exceed 100 transactions or $1,500,000 (by reference to sale price) respectively, then the Company will not approve the transaction and the Market will be suspended until the commencement of the subsequent 12 month period. In these circumstances, Sellers and Buyers will be advised they will be required to locate a counterparty outside of the Market should they wish to complete a transaction.Confirming that the Seller is the True Owner of Shares they are Selling
Each AWN shareholder is issued with a holding statement for their AWN shares with a unique Securities Reference Number (SRN). Buyers may also inspect the register of members for AWN at its Registry to confirm the Seller is the registered holder of the shares.
AWN will not be responsible or liable to any buyer who does not receive good title to any AWN shares for which they have paid.Cost of share transaction
AWN will not charge any fees to the Seller or the Buyer. A transfer fee of $55, inclusive of GST, is payable to the Registry by either the Seller or the Buyer (to be negotiated between the Seller and Buyer) for processing each off-market transfer form.