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An announcement from IOUpay Limited ( (AU:OVT) ) is now available.
Ovanti Limited has updated shareholders on the timetable for its minimum holding, or less-than-marketable parcel, sale facility, confirming that written notices and retention forms will be dispatched to affected minority shareholders on 24 April 2026. Holders of small parcels who wish to keep their stock must either elect online via the Automic Investor Portal or return a completed retention form by 5.00pm EST on 5 June 2026.
Minority shareholders who do not lodge a valid retention election by the deadline will have their shares sold to a purchaser without further notice, with sale proceeds remitted to their recorded bank accounts or held in trust until details are provided. Ovanti will bear the transaction costs of the sale facility, which is designed to consolidate small holdings and streamline its share register, leaving tax consequences to individual investors while aiming to improve administrative efficiency for the company.
More about IOUpay Limited
Ovanti Limited (ASX: OVT) is an Australia-listed company based in Double Bay, New South Wales. The firm’s shares are administered via the Automic Investor Portal, reflecting a typical ASX-listed corporate structure with a dispersed retail shareholder base that includes a number of small, sub-marketable parcel investors.
Average Trading Volume: 6,425,886
Technical Sentiment Signal: Sell
Current Market Cap: A$8.59M
See more data about OVT stock on TipRanks’ Stock Analysis page.