Demerger IronridgeRess #IRR

Dear @Team212 ,

How will this demerger play out? What happens with IRR shares I currently own?
Also I may want to take part in the rights issue (see RNS), how does that work?

Looking forward hearing from you

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Hey, :wave:

The demerger is not officially confirmed yet. Nevertheless, if it is approved under the proposed conditions, еligible IRR shareholders will receive 1 Ricca Share for every 8 IRR Shares held at the Record Date.

When it comes to rights issues, we are sending a notification with the details of the offer to eligible shareholders. There’s additional information about such events in the article here from our Help Centre.

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It looks like Ricca will be listed at a different point in time. Will I be able to buy Ricca shares through t212 regardless if it is listed immediately or not?

Thank you @Team212

Edit: Ricca might get listed on ASX at a later stage. How does this affect me after the demerger if I am an IRR holder now

Update: according to this

RNS Number : 0405R
IronRidge Resources Limited
02 November 2021

shareholders should notify their service providers for further details.
Time table is quite tight and time is of the essence here

2 weeks past, any updates so far?

I would like to participate in the rights issue of the spin off Ricca shares @Bogi.H

Proposed time table of IRR demerger is very tight, so would be essential to know if that will be possible.
In the meantime IRR also listed in the US otc

Hey, @JustLookingThx. :wave:

The ex-date is not officially confirmed, yet. We’ll make sure to update you as soon as we have additional information about the event.

AGM voted in favor of demerger. Ex dividend date also passed. Any updates? @Team212

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IRR is now ALL and the ex dividend date was 23rd. Are we any closer to knowing how or even if we can partake in the rights issue for the new Ricca shares and can you confirm if we will be receiving our Ricca shares on an 1 for 8 IRR basis as per the demerger terms.

Thankyou

edit, I know it may take couple of weeks to sort out I’m just eager lol :smile:

There shouldn’t be any issue with both the 8:1 demerger and the rights issue according to the CEO he said we are welcomed to approach ALL if issues should arise. I would rather have this completed through t212 though

Hey, :wave:

The ex-date was on the 22nd of November and the pay date is scheduled for the 22nd of December. We usually receive the shares from our intermediary a few days after the official pay date and as soon as this happens, we’ll distribute them to eligible shareholders. Also, we’ll post an update once we complete the event.

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Thanks for your response;

And regarding the rights issue? Will t212 facilitate eligible holders participation?