Zia & KingswoodEnquired to Commsec about the consolidation. The...

Zia & Kingswood

Enquired to Commsec about the consolidation. The DA at the end will be removed once the consolidation has been completed. If I want to sell I will have to ring them, as opposed to doing my own sell order, and they will do a 'rough' conversion and place the order. I say 'rough' because my holding is not divisible by 30 equally. The sell proceeds will NOT be available until the consolidation has been completed. If I buy then I can do that as per normal and the proceeds will have to be paid as per standard T+3 terms. They said the registry will determined if current holdings will be rounded up or down when consolidated 30:1. I assume it will be up so no holder is disadvantaged!.

If anyone knows anymore or I got it wrong, please advise me.