deListed Australia
25
YEARS 2001–2026

Celebrating 25 Years in Business

Thank you for being part of our development since September 2001. With your ongoing support, we look forward to many exciting years ahead.

INNERHADDEN LIMITED (ASX.IHN)

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199819992000

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delisted following the completion of the Company's selective reduction of capital

20/03/2000

we understand Futuris Corporation held approx 35% of issued shares in Innerhadden prior to it becoming a wholly owned subsidiary of Futuris after its shareholders approved a selective captial reduction in Jan 2000 - the offer made to Innerhadden shareholders was a choice of either a direct shareholding in Bristile Ltd (and unlisted call options to buy further Bristile shares) or a cash alternative as consideration for the cancellation of their shares - shareholders could choose between a Bristile script alternative of 4 Bristile shares plus 4 options to acquire further Bristile shares from Innerhadden at a strike price of $1.40 for every 11 Innerhadden shares they held; or a cash alternative of 40 cents for each Innerhadden share held which represented a premium of 33% to the share price at that time

20/03/2000

we understand that on or about this date the company made an in specie distribution of 4 shares in Bristile Limited for every 11 shares in the company

11/02/2000
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