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Trading Shares in Huon Valley Financial Services Limited

Community Bank Cygnet & District is operated by Huon Valley Financial Services Limited . Huon Valley Financial Services Limited also operates a Special Market called a Low Volume Market (LVM), to facilitate the trading of its shares. The conditions of this market are set out below.

Special Market Condition Notices - Low Volume Market (LVM)

Huon Valley Financial Services Limited does not hold a license to operate a financial market and is not subject to market obligations, in particular the obligation to ensure that the market is fair, transparent and orderly. The market is covered by an exemption under section 791C of the Corporations Act. Huon Valley Financial Services Limited does not provide a settlement service for trading in the market – it is the responsibility of the parties to a transaction to arrange payment between themselves.
Click on the following link to download a copy of the Corporations (Low Volume Financial Markets) Instrument 2016/888 in PDF format from the ASIC website:
Shares in Huon Valley Financial Services Limited have characteristics that may differ from mainstream securities.
Special characteristics of Community Bank companies
  • ‘One shareholder one vote’ constitutions rather than ‘one share one vote’.
  • Shareholder limit of 10% of issued capital for individuals and related entities.
  • There is a limit on profits that can be distributed to shareholders, including through dividends. By way of overview, the limit is the higher of:
    1. 20% of the profits of the Company otherwise available for distribution to shareholders in the financial year (after adding back Community Contributions during the year), and
    2. the weighted average interest rate on 90 day bank bills during the year plus 5%, multiplied by the value of the share capital on issue at the end of the financial year.
  • Persons who do not possess a ‘close connection’ with the community served by Huon Valley Financial Services Limited can be prohibited from acquiring shares in the Company.
  • Share transfers which result in the number of shareholders in Huon Valley Financial Services Limited falling below a fixed ‘Base Number’ will be prohibited.
  • These restrictions are intended to embed the community nature of Huon Valley Financial Services Limited .

Directors of Huon Valley Financial Services Limited have the right to refuse to register any transfer of shares in their unlimited discretion.

Full details of the restrictions on holding shares and Directors’ powers to refuse to register a transfer of shares are set out in the Company’s constitution. A copy of the constitution is available on request from the Company Secretary and/or LVM Contact:

David Walker
Huon Valley Financial Services Limited
Shop 5, 13 Main Road Huonville TAS 7109

Prudent share purchasers will consider whether they should insist on Board approval of the share transfer as a condition precedent to their obligation to pay purchase money.

Stamp duty payable by the purchaser on the transfer of shares in the Company is no longer applicable in any State/Territory. It would however be prudent for the purchaser to confirm the current situation with the State or Territory Revenue Office where the Company was incorporated.

Trade History
Most recent share trades for Huon Valley Financial Services Limited
Date Parcel Price (Per Share)
06/03/2024 10000 $ 0.84
27/02/2024 15000 $ 0.80
21/09/2023 1000 $ 1.00
22/07/2023 5000 $ 1.00
22/12/2022 2000 $ 0.90
06/12/2021 3000 $ 1.00
14/09/2021 2000 $ 0.85
13/08/2021 4000 $ 0.50
12/08/2021 20000 $ 1.05
19/08/2020 1000 $ 1.00
16/10/2018 2000 $ 0.50^
05/08/2015 500 $ 1.00
^ This trade did not occur through the company’s Low Volume Market.
Register of Interested Parties
Full list of interested traders including number of shares and desired trading price
Parcel Max Purchase Price (Per Share) ID Interest Lodged
10000 $ 1.10 74 26/02/2024
19000 $ 1.10 69 25/11/2023
18000 $ 1.00 54 08/03/2022
200 $ 1.00 52 06/12/2021
1000 $ 1.00 50 02/11/2021
1000 $ 0.50 49 17/09/2021
Parcel Min Sale Price (Per Share) ID Interest Lodged
1000 $ 1.10 76 23/05/2024
1000 $ 1.00 75 14/05/2024
3002 $ 1.00 71 08/01/2024
4000 $ 1.00 67 30/06/2023
4000 $ 1.00 66 15/06/2023
4000 $ 1.00 65 13/06/2023
1000 $ 0.90 64 28/03/2023
2000 $ 1.00 60 01/12/2022
540 $ 0.60 58 31/10/2022
1000 $ 1.00 57 27/07/2022
1500 $ 1.00 55 30/05/2022
2000 $ 0.99 53 16/02/2022
1000 $ 0.50 46 12/07/2021
1000 $ 0.75 31 15/02/2021
2000 $ 1.10 23 15/02/2021
4000 $ 1.00 22 10/02/2021
5000 $ 1.00 40 11/03/2020
1000 $ 1.00 39 03/11/2019
2000 $ 0.45 32 20/10/2018
1000 $ 1.00 21 02/08/2016
1000 $ 1.00 20 02/08/2016
Register your interest
In order to buy or sell shares in Huon Valley Financial Services Limited you must first register your interest formally with the Company Secretary and/or LVM Contact.
Register your Interest Online
The online form allows you to:

Register an interest in buying shares

Register an interest in selling shares

Update an interest previously registered

Remove an interest previously registered

Online registration form
Register your Interest using hard copy forms

Alternatively, each of the online form actions can be achieved by using the hardcopy forms below.

If a registered buyer and seller agree to trade shares, the buyer must first seek approval from the Company's Board by completing the Share Purchase Form and sending it to the Company Secretary and/or LVM Contact.

Once approved, the registered buyer and seller must complete the Security Transfer Form, and send (or scan and email) it to the Company Secretary and/or LVM Contact.

David Walker
Huon Valley Financial Services Limited
Shop 5, 13 Main Road Huonville TAS 7109

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