Northern Minerals to Provide Share Registry Information to Government's Foreign Investment Division to Determine Compliance With Disposal Orders
MT Newswires Live
Jul 06
Northern Minerals (ASX:NTU) will provide relevant share registry information to the Foreign Investment Division of the Australian Department of Treasury to assist in determining compliance with the new disposal orders made by the Treasurer in May, according to a Monday filing with the Australian bourse.
The disposal orders relate to roughly 1.68 billion shares, representing about 17.58% of the total number of company shares on issue as of May 19, held by six foreign shareholders, the filing said.
The Treasurer had ordered the six foreign shareholders to divest part or all their respective shareholdings in the company by July 2, per the filing.
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