Airtasker launches Share Sale Facilities

As you may have seen today, Airtasker has published an ASX announcement with respect to two share sale facilities. These facilities are designed to assist shareholders with small parcels of shares to easily sell and realise value without incurring brokerage and handling costs.

What are the Share Sale Facilities?

The first facility is a Small Parcel Share Sale Facility which includes by default all shareholders who hold parcels of shares worth less than A$500. Shareholders who do not want to sell their shares may opt-out.

The second facility is a Voluntary Share Sale Facility for parcels of shares between A$500 and A$1,000. Eligible shareholders can participate through an opt-in process.

Under both facilities, shareholders may choose to sell, retain, or top up their shareholdings. In all cases, shareholders can easily contact our share registry, Automic, to confirm their preference.

Why are we launching this? 

We expect that the share sale facilities will help to realise value for small shareholders, streamline our share register and administrative costs, while also improving our overall market liquidity.

We are fully committed to transparent and clear communication, with updates provided via the ASX and our Investor Hub.

We remain hyper-focused on our long-term growth plans, including expanding internationally and strengthening our strategic partnerships, while responsibly managing capital to deliver value to our shareholders.

For more information, please see our Share Sale Facilities page here.