Malabar Coal Limited (Malabar) is an Unlisted Public Company and a Disclosing Entity.
Trading shares on the Low Volume Financial Market
Malabar Coal Limited (Malabar) received approval on 16 March 2017 from ASIC to operate a low volume financial market for its ordinary shares (Shares) for the purposes of connecting potential buyers and sellers of Shares (Share Trading Facility). The Share Trading Facility is conducted by means of an electronic register of potential buyers and sellers, where contact details of potential counterparties are provided for registered participants.
The Share Trading Facility is a market covered by an exemption under section 719C of the Corporations Act 2001 (Cth) (Act) as Malabar is included on the register of entities maintained by ASIC under the Corporations (Low Volume Financial Markets) Instrument 2016/888 (Instrument). Malabar, as the operator of the Share Trading Facility, is not licensed under Part 7.2 of the Act and is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.
Click here to view the register of buyers and sellers.
Malabar has been included on the register of entities under the Corporations (Low Volume Financial Markets) Instrument 2016/888 to operate a market in shares of Malabar by means of:
- An electronic register of buyers/sellers, where contact details of potential counterparties are provided for registered participants.
- There are no matching and settlement services, a transaction between the buyer and seller is effected between parties directly without the involvement of Malabar.
Malabar will not be a party to, nor have any involvement in, any transactions involving Shares which are entered into through, or facilitated by, the Share Trading Facility, other than as operator of the Share Trading Facility (including the provision of details of other Participants) or as required under its constitution. Malabar is unable to provide a mechanism for the automatic execution of order or the automatic formation of contracts between registered participants.
As Malabar does not hold an Australian financial services licence, Malabar is prohibited from handling the purchase money for the settlement of a transaction entered into through the Share Trading Facility.
If you have any queries about the Share Trading Facility, you can contact us by email at firstname.lastname@example.org.
Share transfer forms may be obtained by contacting Malabar’s registry provider, Link Market Services Limited.