FAQ

Frequently Asked Questions

The information provided below does not take into account your individual investment objectives, financial situation and needs. The information is of a general nature and is not financial product advice and should not be relied upon as the sole basis for any investment decision. As a holder of Shares (Shareholder), you should consult your financial, legal, tax or other professional advisor in relation to the information contained below and how you should act with respect to your Shares.

• What happens now Kazia has delisted from ASX?

  Kazia Therapeutics Limited was delisted from the Official List of the Australian Securities Exchange at the close of trading on Wednesday 15 November 2023. This means Kazia's fully paid ordinary shares are no longer tradeable on the ASX. Kazia's sole listing is now on NASADQ and its securities are only tradeable as American Depositary Shares (ADSs).

  Shareholders who have requested to convert under the ADS conversion facility will be issued with ADSs and will receive their transaction advice and a welcome letter from Computershare USA. A thorough procedure has to be followed as part of the conversion process, so this transaction advice and welcome letter will be received by shareholders by approximately early to mid-December 2023.

  If you did not participate in the conversion facility or participated in respect of only a portion of your shareholding (i.e. custodians/nominees and shareholders with a number of shares not divisible by the 10:1 share/ADS ratio), you will receive a share certificate by approximately early to mid-December 2023. This must be kept in a safe place as it is proof of ownership of Shares in the Company.

  If you have not received your transaction advice or share certificate by Monday 18 December 2023, please contact Computershare in the US:

  US toll free: +1 866 247 4146

  Tel: +1 201 680 6825

• How do I access the ADS Conversion Form?

  You can access a copy of your personalised ADS Conversion Form by logging into the Computershare Investor Centre here or by contacting us here.

  A sample copy of the ADS Conversion Form is available here.

• Why is Kazia delisting from ASX?

  Please refer to Kazia’s ASX Announcement on 11 October 2023 for further details. It can be accessed here.

• What is the timeline for delisting?

  

• What does this mean for me as a shareholder?

  Shareholders will continue to be able to trade their Shares on the ASX until the close of trading on 13 November 2023 (Suspension Date), when trading in Shares will be suspended. Following suspension of Shares from quotation, Shareholders will no longer be able to trade their Shares on the ASX. It is expected that two business days following the suspension of trading of Shares, Kazia will be removed from the Official List of the ASX.
  
  Therefore, shareholders who wish to sell their Shares on the ASX will need to do so before close of trading on 13 November 2023.
  
  Shareholders who retain their Shares after the Delisting Date will each be issued a share certificate which will be proof of ownership of their Shares and should be held in safe-keeping by the Shareholder.
  
  Shareholders who wish to sell their Shares after the Delisting Date must either:

  1. Deposit their Shares with The Bank of New York Mellon to receive American Depositary Shares (ADSs) and sell their ADSs on NASDAQ by setting up an account with a US Broker, either by a direct engagement or through an Australian broker who has an agreement with a US broker that is able to buy or sell ADSs on NASDAQ; or
  2. Sell their Shares via off-market private transactions (subject to compliance with the Corporations Act 2001 (Cth)).

  
  

  For more details, please refer to the Letter to Shareholders here.

• What is the conversion rate?

  10 Kazia shares to 1 ADS

• Where do I send the ADS Conversion Form back to?

  Email to corpactprocessing@computershare.com.au or post to:

  Computershare
  GPO Box 52
  Melbourne VIC 3001

• What are American Depositary Shares (ADS)? Are they the same as American Depository Receipts (ADRs)

  ADRs are certificates that may be issued by U.S. depositary banks to evidence one or more ADSs. ADSs represent shares of a non-U.S. Company deposited with a U.S. depositary bank..

  Each Kazia ADS represents the right to receive, and to exercise the beneficial ownership interests in, 10 Kazia Shares that are on deposit with HSBC Custody Nominees (Australia) Limited (Custodian), the custodian appointed by the Depositary. The Depositary will be (directly or indirectly through the Custodian) the holder of the Shares underlying the ADSs.

  Holders of ADSs do not have direct Shareholder rights. The Depositary holds, on the ADS holder’s behalf, the Shares underlying your ADSs. Holders of ADSs may exercise the rights attaching to the Shares represented by the ADSs through the Depositary to the extent contemplated in the deposit agreement (Deposit Agreement), a copy of which is available from the SEC’s website (www.sec.gov).

  To exercise any rights attaching to Shares which are not contemplated under the Deposit Agreement, holders of ADSs will need to arrange for the cancellation of their ADSs so that they can become a direct Shareholder.

• How do I convert my Kazia shares to ADSs?

  For details, please refer to “Option 2: Convert your Shares to ADSs” in the Letter to Shareholders here.

• How do I get my SRN / HIN?

  You can access these details by logging into you Computershare Investor Centre here or by contacting us here.

• What are the tax implications if I convert my shares to ADSs?

  Please refer to the ‘Tax implications’ section of the Letter to Shareholders here.

• Can you provide a list of brokers who could assist with trading Kazia ADRs?

  Kazia ADRs can be purchased through a typical broker, just as you would buy other securities.

  You will need a broker who is able to buy or sell ADSs on NASDAQ.  This may either be by direct engagement with a US Broker or through an Australian broker who has an agreement with a US broker.  Please make enquiries with your current broker to see if they can assist.

• I am a shareholder with a holding of under 500 shares. Prior to delisting, how do I find a broker to sell my shares?

  Computershare has a sale facility for issuer sponsored shares (that is an investor identification number beginning with an “I”) via their website https://www-au.computershare.com/Investor/#InvestorTradeInfo

  For broker held shares (that is an investor identification number beginning with an “X”) you need to contact your broker.

• How do I manage my ADS holding after conversion?

  Following conversion, Kazia’s share registry, Computershare, will send a welcome letter which will set out information about how you can manage your ADS holding.

• How do I sell my ADSs after conversion?

  You may sell your ADSs through your US broker or through an Australian broker who has an agreement with a US broker, or via the DRS sale facility, administered by Computershare.

  Alternatively, you can contact for assistance:

  US toll free: +1 888 BNY ADRS
  Tel: +1 201 680 6825
  Email: shrrelations@cpushareownerservices.com

• Who can I contact for assistance?

  If you have any inquiries relating to when your securities were held in the form of Shares on Kazia’s share register, please contact Computershare Investor Services Pty Limited in Australia on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia), from 8.30am to 5.00pm (Melbourne time) Monday to Friday.

  For ongoing share registry inquiries please contact Computershare in the US:

  US toll free +1 866 247 4146
  Tel: +1 201 680 6825