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 late December to early-January.

  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 late December to early-January. This must be kept in a safe place as it is proof of ownership of Shares in the Company.

  Unfortunately, there was an unexpected delay with the despatch of the ADS documentation and it was posted by Computershare US on 18 December 2023. Please allow additional time to receive this documentation given the impact of the holiday season on postage.

  If you have not received your transaction advice or share certificate by Monday 15 January 2024, please contact Computershare in the US: 

  US toll free: +1 866 247 4146

  Tel: +1 201 680 6825

• 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.

• I have a share certificate, how do I trade my shares on NASDAQ?

  In order to trade your shares that were previously listed on ASX, you firstly need to convert these shares into American Depositary Shares (ADS). More information is available here about how you can convert your unlisted shares to ADSs.

• What is the conversion rate?

  10 Kazia shares to 1 ADS

• 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.

• 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.

• 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

• I have a query about my ADS documentation. Who should I contact?

  Please contact Computershare US about your ADS holdings. Their details are:

  US toll free: +1 888 269 2377
  Tel: +1 201 680 6825
  (8.30am to 6.00pm Eastern US time):
  Email: shrrelations@cpushareownerservices.com
  Website: www.computershare.com/investor

• I have a query about my share certificate documentation. Who should I contact?

  Please contact Computershare Australia about your unlisted holding (that is your share certificate). Their details are:

  Ph: 1300 850 505 (within Australia) or
  +61 3 9415 4000 (outside Australia)
  from 8.30am to 5.00pm (Melbourne time) Monday to Friday

• I sent in the form to convert my Kazia shares but I have now also received a share certificate. What has happened?

  If you chose to convert your Kazia shares to ADSs and previously held a number of shares that were not divisible by 10, you will receive both ADSs (for those shares that were divisible by 10), and a share certificate for any residual number of shares.

• What can I do if I have a residual number of shares (that are not divisible by 10) and I can’t trade my shares on NASDAQ?

  Kazia is exploring options to assist these shareholders and we will keep the website updated with information about this as we determine the best way forward.

• I don’t have a broker – do I really need one?

  Exchange into ADSs will normally require the assistance of a broker who is a DTC participant in the US, and has US listed securities trading capability.

  Kazia is unable to provide a list of eligible brokers so please refer to www.asx.com.au for a list of brokers that may be able to assist you.

  It is also possible to issue Kazia ADSs in your own name, in book-entry form via the Direct Registration System (DRS). Computershare US administer Kazia’s DRS register on behalf of BNY Mellon (the Depositary Bank). Please contact Computershare US for more information:

  US toll free: +1 888 269 2377
  Tel: +1 201 680 6825
  (8.30am to 6.00pm Eastern US time):
  Email: shrrelations@cpushareownerservices.com
  Website: www.computershare.com/investor

• I have ADSs, how do I trade my shares on NASDAQ?

  If you wish to sell your ADSs on Nasdaq, you will need to engage a US broker or an Australian broker who has an agreement with a US broker that is able to buy or sell ADSs on Nasdaq. Kazia is unable to provide a list of eligible brokers so please refer to www.asx.com.au for a list of brokers that may be able to assist you. 

  You may also sell your ADSs via the DRS sale facility, administered by Computershare. Information about the DRS sale facility is available by clicking here.

  Alternatively, you can contact Computershare US for assistance:

  US toll free: +1 888 269 2377
  Tel: +1 201 680 6825
  Email: shrrelations@cpushareownerservices.com

  You will need to await confirmation of your ADS holding from Computershare before you can use the DRS sale facility.
  You may also be able to sell your Shares via off-market private transaction (subject to compliance with the Corporations Act 2001 (Cth)).

• 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