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Senetas Corporation Limited (ASX:SEN)

ALERT: Price-sensitive ASX Announcement for SEN
Current share price for SEN : $2.300 -0.72 (-23.84%)+
Announcement
Release
22 Jun 2026 9:35AM
Price at Release
$3.020
Full Release
download
Summary
Senetas Corporation Limited is proposing an equal capital reduction of approximately $3.5 million, to be approved at an Extraordinary General Meeting on 24 July 2026. Shareholders on record as of 31 July 2026 will receive a distribution of $0.2111 per share. The reduction adheres to Part 2J.1 of the Corporations Act and requires shareholder approval. The Board deems the capital reduction fair and beneficial for shareholders, pending an Australian Tax Office ruling on tax implications.
Key Points
  • Senetas Corporation Limited plans an equal capital reduction of approximately $3.5 million.
  • The Extraordinary General Meeting to approve this will be held virtually on 24 July 2026.
  • Shareholders on record as of 31 July 2026 will receive $0.2111 per ordinary share.
  • The reduction is compliant with Part 2J.1 of the Corporations Act.
  • There will be no cancellation of shares, only a reduction in share capital.
  • Shareholder approval is mandatory, needing more than 50% of votes.
  • The Board considers the reduction fair, reasonable, and in the company’s best interest.
  • Tax implications for shareholders will depend on an Australian Tax Office ruling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.