Shareholders Information

Scantech is an unlisted public company and a disclosing entity.

Scantech’s shares are not listed on any licensed market or exchange, including the Australian Securities Exchange (ASX).

To provide shareholders with some liquidity, Scantech has received approval from the Australian Securities and Investments Commission (ASIC) to operate a low volume financial market. This operates under an exemption provided by section 791C of the Corporations Act 2001 and in accordance with the Corporations (Low-Volume Financial Markets) Exemption Notice 2003.

Important Information

Scantech is not licensed under Part 7.2 of the Corporations Act.
Scantech is not subject to the legal obligations that apply to operators of licensed markets, including the requirement to ensure that the market is fair, orderly and transparent.

General Rules

Scantech records the total volume and value of transactions conducted on the market to ensure that:

No more than 100 completed transactions occur in any 12-month period; and
The total value of those transactions does not exceed $500,000 (measured by sale price) in any 12-month period.

If a proposed transaction would cause either limit to be exceeded, Scantech may decline to approve the transaction or suspend the market until the next 12-month period.

In this case, interested buyers and sellers may choose to wait for the next 12-month period or find a counterparty independently (that is, a party not on the Register).

All share transactions must comply with Scantech’s constitution.

The matching, negotiation and execution of transactions occur directly between the buyer and seller, without Scantech’s involvement.

Settled transactions are processed by Scantech’s share registry, MUFG Corporate Markets (AU) Limited. Once processed, the register of shareholders is updated accordingly.