Get the free Cancellation of shares - Buy-backASIC Form 484

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ASX Announcement 28 April 2021Cancellation of shares Buyback ASIC Form 484 As required by ASX Listing Rule 3.8A, attached is a copy of ASIC Form 484 (Change to Company Details) lodged with ASIC today

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How to fill out cancellation of shares

01

Step 1: Obtain the necessary documentation from the shareholders requesting the cancellation of shares.

02

Step 2: Prepare a resolution for the cancellation of shares and submit it to the board of directors or shareholders for approval.

03

Step 3: Inform the relevant authorities, such as the Companies House or Securities and Exchange Commission, about the cancellation of shares.

04

Step 4: Update the company's register of members to reflect the cancellation of shares.

05

Step 5: Issue the required notices or certificates to the shareholders confirming the cancellation of shares.

06

Step 6: Make the necessary entries in the company's accounting records to reflect the cancellation of shares.

07

Step 7: Communicate the cancellation of shares to any relevant stakeholders, such as lenders or investors.

Who needs cancellation of shares?

01

Companies or corporations that want to reduce their share capital.

02

Shareholders who want to sell or transfer their shares back to the company.

03

Companies undergoing mergers, acquisitions, or other restructurings where shares need to be cancelled.

04

Companies in financial distress or liquidation where cancellation of shares is necessary.

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What is cancellation of shares?

Cancellation of shares is the process of reducing the number of shares outstanding in a company by removing them from circulation.

Who is required to file cancellation of shares?

The company's board of directors and shareholders are usually required to file cancellation of shares.

How to fill out cancellation of shares?

To fill out cancellation of shares, the company needs to provide information about the shares being cancelled, such as the number of shares, reasons for cancellation, and details of shareholders.

What is the purpose of cancellation of shares?

The purpose of cancellation of shares is to reduce the number of shares outstanding, which can increase the value of the remaining shares.

What information must be reported on cancellation of shares?

Information such as the number of shares being cancelled, reasons for cancellation, details of shareholders, and any relevant board resolutions must be reported on cancellation of shares.

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