On 29 June 2020 shareholders of Village National Holdings Limited ABN 43 158 332 284 (the Company) approved, at an Extraordinary General Meeting, for the Company to offer a selective share buy-back to those shareholders with shares with a total value of less than $1,000 or 16,666 shares (Buy-Back) at a price of $0.06 per share (Buy-Back Price).
On or about 5 August 2020, documents were sent to shareholders eligible to participate in the offer (Eligible Shareholders). The offer expired on 29 June 2021.
In accordance with the terms of the Buy-Back, Eligible Shareholders had until 29 June 2021 to participate in the Buy-Back.
A total of 1,634,351 fully paid ordinary shares from 232 shareholders have been acquired by the Company under the Buy-Back at the Buy-Back Price and have been cancelled with ASIC and in accordance with the Corporations Act 2001 (Cth). The Buy-Back is not considered to be material and the number of shares acquired is approximately 0.38% of the Company’s share capital.