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Shareholder
Information
: Frequently Asked Questions (FAQ)
The
answers to questions detailed below are neither intended nor should
be relied upon as being comprehensive. You should always make your own
inquiries or seek independent advice.
 1.
If I intend to sell my cane farm must I include my STL “G” class
shares in the sale of the farm?
2. Am I an Active Grower?
3. What are the implications if I am no longer an Active Grower?
4. What are the implications if I have received a Transfer Notice?
5. Why are there these restrictions on purchasing or holding shares?
6.
How can I sell my shares – off
market?
7.
How can I sell my shares – on
market?
8.
How can I buy shares – on
market?
9. Deceased Estates
10.
What is the STL Board’s
Dividend Policy?
11. Share Registry Enquiries
12. Change of Address
13. Change of Name
14. Removal from Annual Report Mailing List
1.
If I intend to sell my cane farm must I include my STL "G" class
shares in the sale of the farm?
No. Your "G" class shares do not attach or relate to your
farm and do not have to be sold with the sale of your cane farm. If
as a result of the farm sale you no longer supply cane under a cane
supply contract to a mill in Queensland then you are no longer an Active
Grower. The implications of no longer being an Active Grower are set
out below.
2. Am I an Active Grower?
(i) Yes, if you supply cane under a cane supply contract to a mill
in Queensland in the current season.
(ii) No, if you have leased your farm to someone else even though you
may intend to resume cane growing sometime in the future.
(iii) No, if you are a natural person and the cane supply contract
with the mill is in the name of a company or other legal entity in
which you have an interest.
3. What are the implications if I am no longer an Active Grower?
(i) You cannot purchase any more "G" class shares.
(ii) You still have the right to receive notice of and attend either
general meetings of the company or class meetings of "G" class
shareholders but you cannot vote.
(iii) You have the right to receive dividends as determined from time
to time by Directors.
(iv) You must immediately notify the company in writing that you are
no longer an Active Grower and you must dispose of your shares as soon
as practicable.
(v) If the shares are not disposed as soon as practical then Directors
may issue a written notice called a Transfer Notice.
4. What are the implications if I have received a Transfer Notice?
(i) You must dispose of the shares within the time period specified
in the notice.
(ii) If you fail to comply with the notice then Directors may, on your
behalf, sell your shares at such price and terms and conditions as
the Directors shall in their absolute discretion think fit and pay
the net proceeds (after expenses) back to you.
5. Why are there these restrictions on purchasing or holding shares?
The restrictions exist to ensure that the Company remains owned and
controlled by active participants in the industry.
6.
How can I sell my shares – off
market?
STL shares may be sold by way of an off market transfer to an Active
Grower. Once you have found an Active Grower who wishes to purchase
your shares, you should obtain the following documents from Link Market Services:
1. Off Market Standard Transfer Form
2. Member Status Declaration
The transfer document and completed Member Status Declaration should
then be sent to Link Market Services for processing.
7.
How can I sell my shares – on
market?
“
G” class shares can be traded on market through a stockbroker
on the National Stock Exchange of Australia. You should refer to the Practice Note
Number 8 on the National Stock Exchange of Australia website www.nsxa.com.au
8.
How can I buy shares – on
market?
‘
G’ class shares can be purchased on market through a stockbroker
on the National Stock Exchange of Australia. You should refer to the Practice Note
Number 8 on the National Stock Exchange of Australia website www.nsxa.com.au. It
will be necessary for you to complete and sign a Member Status Declaration
and forward it to your broker each time you purchase shares.
9. Deceased Estates
Where a member who held shares jointly with another person dies, the
surviving joint member can make application to Link Market Services to register
the surviving joint member as the holder. A certified copy of the
death certificate should be provided to establish the death of the
deceased.
Where a member is not a joint holder and has left a will, the deceased's
Executor may either elect to be registered as the holder or transfer
the shares in accordance with his or her powers as Executor. The deceased's
Executor will need to provide Link Market Services with:
1. a certified copy of the death certificate;
2. a certified copy of the will;
3. a certified copy of Probate.
The requirement to provide probate may be waived where:
1. the value of the deceased's holding in the Company is less than
$15,000; or
2. the General Manager is satisfied that Probate is not being obtained
due to costs involved relative to the size of the estate and that the
requirement should be waived in the particular circumstance. (The Executor
will need to obtain from Link Market Services a Declaration that it is not
intended to apply for probate.)
Where the Executor elects to be registered as the holder of the shares,
then a Transmission Application must be obtained from, completed and
then returned to Link Market Services. Where the Executor elects to register
the shares directly to the beneficiaries or a third party then he or
she must provide the necessary transfer documentation, including a
duly executed Member Status Declaration.
10. What is the STL Board's Dividend Policy?
The board has a policy to pay dividends annually, from the net profit
for the period, as high a dividend as possible having regard to the
company’s cash position.
11. Share Registry Enquiries
All shareholder enquiries should be directed to Link Market Services who maintain
the registry of shares for Sugar Terminals Limited. Shareholders
can contact Link Market Services by telephoning 02 8280 7454. Alternatively,
shareholders may prefer to write to:
Sugar Terminals Limited
c/- Link Market Services
Locked Bag A14
Sydney South NSW 1235
Ph: 02 8280 7454
Fax: 02 9287 0309
12. Change of Address
To notify Sugar Terminals Limited of change of address details, shareholders
should immediately forward a personally signed letter quoting their
shareholder number and nominating their new address to Link Market Services
at the address above.
13. Change of Name
Shareholders who change their name should notify the company in writing,
attaching a certified copy of a relevant marriage certificate or
deed poll. Change of name information should be forwarded to Link Market Services at the address above.
14. Removal from Annual Report Mailing List
Shareholders who do not wish to receive the annual report should advise
the company in writing, quoting their shareholder number to Link Market Services
at the address above.
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