Removal from the Official List of the ASX
This information is for Synergia Energy Ltd shareholders who hold their shares on the Australian Register.
As of the close of business 30 December 2022, Synergia Energy Limited (‘Synergia Energy’ or the ‘Company’) was delisted and removed from the official list of the Australian Securities Exchange (‘ASX’). The company remains listed on the AIM market of the London Stock Exchange (‘AIM’).
From 16 January 2023 Computershare Investor Services Pty Limited Australia (‘Computershare Australia’) will be the Company’s share registrar, and will hold and maintain the Australian Register. It is expected that shareholders will be mailed a certificate for their holdings (‘certificated holding’) in the week commencing 23 January 2023. The share certificate provides proof of ownership of shares held, and it should be kept securely.
For information on your existing certificated holding, please contact Computershare Australia on;
Computershare Investor Services Pty Limited
P: 1300 850 505 (within Australia)
P: +61 3 9415 4000 (Outside Australia)
Postal Address: GPO Box 2975, Melbourne VIC 3001
Website: www.computershare.com/au
Buying and selling Synergia Energy Ltd shares going forward
With effect from 30 December 2022, Synergia Energy shares can only be traded on AIM.
To facilitate the trading of Synergia Energy shares on AIM, Synergia Energy established a Depositary Interest (‘DI’) facility under which Computershare Investor Services PLC (‘Computershare UK’) are appointed as the Depositary.
Securities of Australian issuers such as Synergia Energy cannot be directly registered, transferred or settled through CREST (the electronic settlement system in the UK). The DI facility overcomes this by creating entitlements to the shares of Synergia Energy which are deemed to be UK securities and therefore admissible to CREST. The underlying shares are listed and traded on AIM, while the DIs are transferred in CREST to settle those trades.
If shareholders choose to move their securities to the UK to trade or hold as DIs, their shares are no longer held in their name on the Australian Register. Instead they are held by Computershare UK’s custodian on the shareholder’s behalf, with the shareholder becoming a DI holder. DI holders become the beneficial holder of those Synergia Energy shares, with the DIs held on the Synergia Energy UK DI Register on their behalf by their broker.
“How to” buy and sell shares in the Company
In order to buy and sell Synergia Energy’s shares on AIM, shareholders will firstly need to take the following steps:
Step 1: Engage a suitable broker
If the shareholder’s current trading arrangements are not suitable, the shareholder must first engage a suitable Australian broker who has an agreement with a CREST participant broker. Alternatively, shareholders may wish to appoint a broker based in the UK. A list of UK brokers can be found via the London Stock Exchange website www.londonstockexchange.com.
Once the shareholder has engaged a suitable broker able to hold securities in CREST and trade on AIM, then shareholders who wish to convert their shares into DIs can do so by completing a Depositary Interests Issuance (Australian Register to UK DI Register) form (DI Issuance form). It is important that the holder completes the form in full, and in particular the CREST participant details in full within the DI Issuance and delivery instructions section. The shareholder’s UK broker should be able to provide the information required.
The completed and signed DI Issuance form, shareholder’s original certified ID and certificate(s) should be sent to Computershare’s Global Transactions team in Australia by post or email:
Computershare Limited – Global Transactions Team
PO Box 103 Abbotsford
Victoria 3067 Australia
If shareholders have any questions about the DI conversion process from Australia to the UK, they can contact Computershare’s Global Transactions team on:
P: 1300 731 056
P: +61 3 9415 4000 (outside Australia)
Confirmation that DIs have been created
It is expected that once a valid and complete instruction is provided the process of converting a shareholder’s Synergia Energy shares into DIs will be completed within 24 hours. The shareholder’s UK broker will provide them with confirmation that they are now the holder of an equivalent number of DIs in CREST, which are issued on a 1 for 1 basis with Synergia Energy shares. After this time Synergia Energy shareholders will be able to trade their holding on AIM, subject to having a broker who can facilitate a trade on AIM, with such trades settling in the form of DIs.
Communication from Synergia Energy to DI holders
Computershare UK as the Depositary in the UK will rely on Synergia Energy to supply information to it relating to matters that have a bearing on the rights of DIs which, to the extent possible, will impact the rights of those holding Synergia Energy shares directly. These matters include cash distributions, corporation actions and company meetings. The Depositary is then responsible for making this information available to DI holders, being the broker who holds the DIs on their behalf in CREST.
Shareholders will need to discuss with their broker how they will in turn keep them updated. As part of its listing on AIM, and its obligations under the Australian Corporations Act 2001 (Cth), Synergia Energy publishes all announcements and shareholder notices on its website (www.synergiaenergy.com) and on that of the London Stock Exchange. Monitoring these websites will also keep shareholders up to date with the Company’s developments.
Remaining as a certificated shareholder on the Australian Register
Existing shareholders, with shares recorded on the Australian Register, who choose to take no action will not be able to sell their shares on AIM. They will only be able to sell their shares if they arrange themselves for someone to purchase the shares ‘off-market’.
If shareholders choose to take no action their share certificate will remain as the proof of ownership.
Buying shares on AIM if you already hold shares on the Australian Register
If shareholders, who are currently recorded on the Australian register, acquire additional shares on AIM, those additional shares will be held as DIs and recorded separately with their UK broker within CREST. This DI holding will be separate to the existing certificated holding managed by Computershare Australia, as all certificates are registered in the shareholder’s name held on the Australian Register.
Converting certificated shares held on the Australian Register into DIs held in the UK
If shareholders wish to consolidate or move their shares from the Australian Register to the UK so they can be traded on AIM, the shareholder will need to convert their shares into DIs, following the steps set out in the section “How to” buy and sell shares in the Company.