An introduction to Low Volume Markets
Longevity Group Australia Ltd (formally TFSL) is an unlisted public company and disclosing entity. Longevity Group Australia Ltd’s shares are not listed on any licensed market or exchange, including the Australian Securities Exchange (ASX). In order to provide shareholders with some liquidity for their shares, Longevity Group Australia Ltd has received approval from the Australian Securities and Investments Commission (ASIC) to operate a low volume financial market under an exemption provided by section 791C of the Corporations Act 2001 and in accordance with the Corporations-(low-volume-financial-markets)-exemption-notice-2013. It is important to note the following:
- Longevity Group Australia Ltd is not licensed under Part 7.2 of the Act; and
- Longevity Group Australia Ltd 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 market is a fair, orderly and transparent market.
Longevity Group Australia Ltd will record the aggregate total volume and value of transactions conducted on the market to ensure that no more than 100 (one hundred) completed transactions with a total value (measured by sale price) of not more than $1,500,000 are entered into during any 12 month period.
Therefore, if a transaction would cause either the total volume or value of all transactions entered into in any 12-month period to exceed either of those limits, Longevity Group Australia Ltd may not approve the transaction or suspend the market to the start of the subsequent 12 month period. In such a case interested Sellers and Buyers would have the option of either waiting for the next 12 month period to commence or find a counter party themselves (i.e. a party that is not on the Register).
All share transactions are to comply with Longevity Group Australia Ltd ‘s constitution.
C/- Computershare Investor Services Pty Limited
Yarra Falls, 452 Johnston Street Abbotsford
Victoria 3067 Australia
GPO BOX 2975
Melbourne VIC 3001 Australia
Investor queries 1300 850 505 (within Australia)
Telephone: +61 3 9415 5000
Facsimile: +61 3 9473 2500
The Company Secretary
If you have any queries about this process, please contact our Company Secretary at the address below.
The Company Secretary
Longevity Group Australia Ltd
Level 1, Suite 3
277 Camberwell Road
P.O. Box 542
Camberwell VIC 3124
Telephone: (03) 9275 8000
The matching, negotiation and execution of any transaction that occurs will take place between the Buyer and Seller without any involvement from Longevity Group Australia Ltd. Settled transactions will be processed by Longevity Group Australia Ltd share registry, Computershare Limited (Registry). Once the transaction has been processed by the Registry, the Company Secretary will then update the register of sellers and buyers.
The process for trading Longevity Group Australia Ltd shares is outlined below.
- Review the Low Volume Market Introduction and Important Notices.
- Review the current Register of Sellers and Buyers and Recent Transactions.
- Register Your Interest to buy or sell Longevity Group Australia Ltd shares.
- If you are a Buyer or a Seller, you may request that Longevity Group Australia Ltd provides you with any details of any Seller or of any Buyer. To request this information contact the Company Secretary.
- Complete the transaction by completing a Standard Transfer Form and return it to the Registry.
The matching, negotiation and execution of any transaction that occurs will take place between the Buyer and Seller without any involvement from Longevity Group Australia Ltd . Settled transactions will be processed by the Longevity Group Australia Ltd share registry, Computershare Investor Services. Once the transaction has been processed by the Registry, the Company Secretary will then update the register of sellers and buyers.
The Company advises that:
a. The market is covered by an exemption under section 791C of the Corporations Act 2001;
b. The operator is not licensed under Part 7.2 of the Corporations Act 2001;
c. The operator is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that this is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.
- To see the Register of Buyers and sellers on the Low Volume Market.
- To Register Your Interest in Buying or Selling Longevity Group Australia Ltd shares on the Low Volume Market.
Important Notes Relating to the Low Volume Market
Longevity Group Australia Ltd has no role in the negotiation and pricing of any trade under the Low Volume Market. Financial information lodged with ASIC (available in the Reports and Publications Investor section of our website) may assist parties in their negotiations. Before completing your trade, you should check this section for any recently added information.
Longevity Group Australia Ltd is unable to provide you with any advice in relation to the potential tax consequences of any sale as each shareholder’s circumstance are different. You should obtain your own taxation, financial and investment advice in relation to the consequences of any sale before entering into any transaction to sell or buy Longevity Group Australia Ltd shares.
Removing yourself from the Low Volume Market Register or changing your price or volume
You can request that your details be amended or removed from the Register by contacting the Longevity Group Australia Ltd Investor Centre at firstname.lastname@example.org.
Finding a Buyer or Seller Outside of the Low Volume Market
The low volume market provides you with one way to potentially locate a buyer or seller of Longevity Group Australia Ltd shares. You may find your own buyer for your shares outside of the market.
Confirming that the Seller is the True Owner of Shares they are Selling
Each Longevity Group Australia Ltd shareholder is issued with a holding statement for their Longevity Group Australia Ltd shares. You may also inspect the register of members for Longevity Group Australia Ltd at its share registry to confirm the seller is the registered holder of the shares.
Longevity Group Australia Ltd takes no responsibility for, and has no liability to, any buyer who does not receive good title to any Longevity Group Australia Ltd shares they have paid for.
Cost of share sale
Longevity Group Australia Ltd will not charge any fees to the Seller or the Buyer however the share registry Computershare may charge a fee per transfer. This fee is described in detail on the Standard Transfer Form.
Register of Interest (Buyers and Sellers) on the Low Volume Market
A full list of Buyers and Sellers (including the number of shares and desired trading price) is provided below.
Click Here to Register Your Interest in buying or selling Longevity Group Australia Ltd (formally Transport Friendly Society Ltd) shares on the Low Volume Market.
|Shares for Sale||Offers to Purchase|
|Seller||Number of Shares||Price per Share ($)||Buyer||Number of Shares||Price per Share ($)|
|14||1,000||$2.50 to $2.90||3||20,000||$0.80|
Please note that the identity of interested buyers and sellers will only be disclosed to persons who register an interest.
Note: To comply with the General Rules of the Low Volume Market (LVM), Longevity Group Australia Ltd will record the aggregate total volume and value of transactions conducted through the Low Volume Market to ensure that no more than 100 (one hundred) completed transactions with a total value (measured by sale price) of not more than $1,500,000 (one million and five hundred thousand dollars), are entered into during any 12 month period.
Register Your Interest for the Low Volume Market
To register your interest in trading Longevity Group Australia Ltd shares, please follow the process outlined below.
- Download and complete the Longevity Group Australia Ltd Registration and Consent Form as an interested Buyer or Seller; and
- Return the completed form by email or post to Longevity Group Australia Ltd .
If you have any queries about this process, please contact our Company Secretary
Trading History for Shares Traded on the Low Volume Market
The most recent Longevity Group Australia Ltd share trades on the Low Volume Market only are shown below.
|Transaction #||Date||Number of Shares||Price per Share||Total Consideration|
Total to Date
|Date||Number of Shares||Total Consideration
Note: To comply with the General Rules of the Low Volume Market (LVM), TFSL will record the aggregate total volume and value of transactions conducted through the Low Volume Market to ensure that no more than 100 (one hundred) completed transactions with a total value (measured by sale price) of not more than $1,500,000 (one million and five hundred thousand dollars), are entered into during any 12 month period.
|Date||Value of Transactions Remaining||Volume of Transactions Remaining|