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Trading Shares in Inner West Community Enterprises Limited

Seddon Community Bank® Branch is operated by Inner West Community Enterprises Limited. Inner West Community Enterprises 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)

Inner West Community Enterprises 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. Inner West Community Enterprises 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: https://www.legislation.gov.au/Details/F2016L01501.
Shares in Inner West Community Enterprises 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: (a) 20% of the profits of the Company otherwise available for distribution to shareholders in the financial year, and (b) the relevant rate of return (being the weighted average interest rate on 90 day bank bills over the 12 month period plus 5%) multiplied by the average level of share capital over the 12 month period.
  • Persons who do not possess a ‘close connection’ with the community served by Inner West Community Enterprises Limited can be prohibited from acquiring shares in the Company.
  • Share transfers which result in the number of shareholders in Inner West Community Enterprises Limited falling below a fixed ‘Base Number’ will be prohibited.
  • These restrictions are intended to embed the community nature of Inner West Community Enterprises Limited.

Directors of Inner West Community Enterprises 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:

David St John
Inner West Community Enterprises Limited
PO Box 313 Seddon West VIC 3011
sec.iwce@gmail.com

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 may apply in your State/Territory. Please refer to the State Revenue Office in your State for details.

Trade History
Most recent share trades for Inner West Community Enterprises Limited
Date Parcel Price (Per Share)
17/04/2019 2625 $0.7^
29/03/2019 15271 $1
29/03/2019 1575 $0.9
28/03/2019 5250 $0.96
28/03/2019 5250 $1
21/11/2018 1050 $0.98^
15/11/2018 7351 $0.98^
16/10/2018 2500 $1^
04/12/2017 1000 $1^
03/08/2017 13500 $0.25^
28/07/2017 5000 $1^
21/07/2017 15000 $1^
27/03/2017 1050 $0.95^
29/09/2016 30000 $1.07^
06/07/2016 1050 $1^
30/03/2016 525 $1^
29/02/2016 5250 $1^
15/02/2016 5250 $1.1^
03/02/2016 525 $1.05^
27/08/2015 31590 $1^
08/04/2015 420 $0.95^
16/12/2014 2520 $1^
03/12/2014 525 $1^
29/10/2014 1050 $1.05^
13/12/2013 26250 $1^
16/10/2013 525 $1^
22/07/2013 1050 $1^
17/07/2013 2299 $1^
17/07/2013 1000 $1^
07/01/2013 1050 $1^
14/12/2012 10000 $1^
30/04/2012 500 $1^
31/08/2011 25000 $1^
29/07/2011 2000 $1^
31/05/2011 400 $1^
27/07/2010 5000 $1
^ 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
12654 $0.97 20 29/03/2019
Sellers
Parcel Min Sale Price (Per Share) ID Interest Lodged
4200 $1 25 28/05/2019
Register your interest
In order to buy or sell shares in Inner West Community Enterprises Limited you must first register your interest formally with the Company Secretary.
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.

Once approved, the registered buyer and seller must complete the Security Transfer Form and send it to the Company Secretary.

David St. John
Inner West Community Enterprises Limited
90 Charles Street

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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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