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Trading Shares in NorCen Financial Services Ltd

Community Bank Kilmore & District is operated by NorCen Financial Services Ltd . NorCen Financial Services Ltd 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)

NorCen Financial Services Ltd 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. NorCen Financial Services Ltd 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: https://www.legislation.gov.au/Details/F2016L01501.
Shares in NorCen Financial Services Ltd 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 NorCen Financial Services Ltd can be prohibited from acquiring shares in the Company.
  • Share transfers which result in the number of shareholders in NorCen Financial Services Ltd falling below a fixed ‘Base Number’ will be prohibited.
  • These restrictions are intended to embed the community nature of NorCen Financial Services Ltd .

Directors of NorCen Financial Services Ltd 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:

Sally Chadwick
NorCen Financial Services Ltd
PO Box 368 Wallan VIC 3756
sally@norcen.com.au

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 NorCen Financial Services Ltd
Date Parcel Price (Per Share)
05/08/2020 20000 $ 1.10
21/02/2020 4000 $ 1.05
21/02/2020 2000 $ 0.90
31/10/2019 1000 $ 1.05
27/07/2018 1000 $ 1.00^
28/02/2017 2000 $ 1.00
28/02/2017 10000 $ 1.00
01/03/2016 5000 $ 1.00
28/02/2016 2000 $ 1.10
12/05/2015 1000 $ 1.00
14/03/2015 4000 $ 1.00
24/02/2015 1000 $ 1.00
26/08/2014 10000 $ 0.85
29/04/2014 4000 $ 1.00
25/03/2014 10000 $ 0.50^
19/02/2014 2000 $ 0.80
11/02/2014 10000 $ 0.80
24/01/2014 7000 $ 1.00
15/01/2014 5000 $ 0.80
04/04/2013 12000 $ 0.70
14/02/2013 1000 $ 0.75
14/02/2013 2000 $ 0.75
27/06/2012 10000 $ 0.90
30/05/2012 1000 $ 1.00
13/10/2011 8000 $ 1.00
13/10/2011 5000 $ 1.00
27/09/2010 10000 $ 0.95
19/09/2010 2500 $ 1.00
19/09/2010 200 $ 1.00
19/09/2010 1300 $ 1.00
19/09/2010 1000 $ 1.00
01/04/2010 500 $ 1.00
26/03/2010 2000 $ 1.00
13/03/2010 3500 $ 0.95
15/02/2010 500 $ 0.95
18/04/2009 1000 $ 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
Buyers
Parcel Max Purchase Price (Per Share) ID Interest Lodged
1000 $ 1.30 125 11/11/2020
10000 $ 1.10 122 01/04/2020
2000 $ 1.05 119 13/02/2020
1000 $ 1.05 117 23/01/2020
1000 $ 1.05 118 23/01/2020
20000 $ 1.18 116 20/01/2020
2500 $ 1.03 115 23/12/2019
5000 $ 1.10 111 18/12/2019
5000 $ 1.15 112 18/12/2019
15000 $ 1.10 110 11/11/2019
2500 $ 1.00 107 02/03/2019
1500 $ 1.00 103 05/09/2018
1000 $ 1.00 101 22/07/2018
Register your interest
In order to buy or sell shares in NorCen Financial Services Ltd 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 it to the Company Secretary and/or LVM Contact.

Sally Chadwick
NorCen Financial Services Ltd
PO Box 368 Wallan VIC 3756

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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