Wellington Drive Technologies (Wellington) is exercising its power of sale of individual holdings on its share register of less than 5,870, with sale proceeds based on the volume weighted average price of Wellington’s shares.
Wellington will meet the expenses of the sale and buyback, and shareholders have until 30 June 2022 to either increase their shareholding above the minimum number of shares, dispose of their shareholding, or give notice that they wish to retain their shareholding.
Notice and supporting documents have been mailed out to shareholders today.
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