Eureka Correspondence

Linc Energy, SMSF the NRAS way, and Uncapped 100 recommendations

I read in company announcements today that Linc Energy (LNC) is set to delist from the ASX and list on the Singapore exchange.
Where does that leave current LNC shareholders? Your comments would be very much appreciated.
Name withheld
Editor’s response: Thanks for your letter. Linc Energy is seeking shareholder approval to delist from the ASX and list instead on the Singapore Exchange (SGX). Linc has said the rationale behind the decision is to broaden the investor base and improve access to international capital.
The move is still subject to Australian and Singaporean regulatory approval, as well as shareholder approval. If it goes ahead, existing ASX shares will be converted into shares in the SGX listed company at the time of the delisting, at a value ascribed by the SGX.

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