Pricing
FHL (including its subsidiaries, directors, officers, authorised representatives, employees, relationship managers, or agents) has no role in the negotiation and pricing of any share transaction under the LVFM.
Before negotiating and completing your share transaction, you should check the Restricted LVFM webpage for any recently added information.
Tax Consequences
FHL is unable to provide you with any advice in relation to the potential tax consequences of any share sale or purchase. You should obtain your own independent taxation, financial and investment advice in relation to the consequences of any share sale or purchase before entering into any transaction to sell or buy FHL’s shares.
Removing yourself from the Register of Interested Buyers and Sellers on the LVFM or Changing your Price or Volume
You can request that your details, price and volume be amended or removed from the Register of Interested Buyers and Sellers on the LVFM at any time by contacting the Company Secretary.
Finding a Buyer or Seller Outside of the Low Volume Market
The LVFM provides you with one way to potentially locate a Buyer or Seller of FHL’s shares. You may find your own buyer or seller for your shares outside of the LVFM.
Confirming that the Seller is the True Owner of Shares that they are selling
Each FHL shareholder is issued with a Share Holding Statement for their FHL shares. You may also ask the Company Secretary to confirm that the Seller is the registered holder of the shares on the Members Register of FHL.
FHL takes no responsibility for and has no liability to any Buyer who does not receive good title to any FHL shares for which they have paid.
Cost of share sale
FHL will not charge any fees to the Seller or the Buyer in relation to the sale or purchase of shares.
Other Terms and Conditions
It is important to note the following:
- The Buyer and the Seller are bound by FHL’s Constitution and the rules, terms and notices of the Low Volume Financial Market (“LVFM”) set out on the LVFM website and in the LVFM documents.
- The Seller must comply with the pre-emptive rights requirements under FHL’s Constitution and the sale price under the LVFM must not be less than the price offered under the pre-emptive rights process.
- FHL is authorised to provide the name and contact details of buyers and sellers on the Register of Interested Buyers and Sellers on the LVFM to other buyers and sellers.
- The LVFM is covered by an exemption under section 791C of the Corporations Act 2001.
- FHL not licensed under Part 7.2 of the Corporations Act 2001.
- FHL is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the LVFM is a fair, orderly and transparent market.
- FHL may refuse to approve a potential Buyer under the LVFM in its absolute discretion including, for example, if the potential Buyer has an actual or potential conflict of interest with FHL or if their involvement is likely to have a material adverse effect on the reputation of FHL.
- The minimum purchase share parcel for Buyers is $10,000.
- FHL is an unlisted public company and its shares are not listed on any licensed market or exchange, such as the Australian Securities Exchange (“ASX”). FHL’s shares may be highly illiquid (i.e., unable to be readily or easily sold).
- FHL may refuse to register a Share Transfer under the LVFM in its absolute discretion including, for example, if it does not comply with the Constitution of FIIG Holdings Limited (for example, a failure to comply with the pre-emptive rights requirements) or if the potential Buyer has an actual or potential conflict of interest with FHL or their involvement is likely to have a material adverse effect on the reputation of FHL.
- FHL (including its subsidiaries, directors, officers, authorised representatives, employees, relationship managers, or agents) does not provide financial or other advice on, or deal in, the shares.
- The LVFM website and the information and documents relating to the LVFM have been provided by FHL without taking into account of your objectives, financial situation and needs. Because of this, you should obtain your own independent investment, accounting, financial, taxation and legal advice in relation to the consequences of any sale or purchase before entering into any transaction to sell or buy FHL’s shares.
- Neither FHL (nor any of its subsidiaries, directors, authorised representatives, employees, relationship managers, or agents) make any representation or warranty as to the reliability, accuracy, or completeness, of information on this website or in the LVFM documents about the LVFM. Nor do they accept any liability or responsibility arising in any way (including negligence) for errors in, or omissions from, the information on this website or elsewhere about the LVFM.
- FHL (including its subsidiaries, directors, officers, authorised representatives, employees, relationship managers, or agents) does not make a market in the shares.
Relationship Managers or Other Employees of FIIG Securities Limited cannot advise you about Buying or Selling Shares under the LVFM or elsewhere
FHL is the holding company of FIIG Securities Limited (“FSL”). The LVFM is carried out independently of the activities and operations of FSL. Relationship Managers are employed by FIIG Securities Limited.
FHL has an exemption from ASIC to operate a Low Volume Financial Market in FHL shares. FHL (and any people or companies associated with it such as Relationship Managers and other employees) are not authorised to provide Buyers or Sellers with any advice, information, recommendations or otherwise to be involved in the sale or purchase of FHL’s shares under the LVFM.