Frequently Asked Questions – New

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Nova Minerals is listed on the ASX, OTC and Frankfurt, so you can buy shares through your adviser, stockbroker banker or an online broker.

NVA

NVA (Need to change the link here once the NASDAQ listing is live)

QM3
The Security Registrar is Automic Group.
 
Contact details are: Automic Pty Limited + 61 1300 288 664 (toll free within Australia) 8.30am to 5.30pm EST Monday to Friday (excluding public holidays) or email them at hello@automicgroup.com.au.
 
Physical address: Level 5, 126 Phillip Street, Sydney NSW 2000.
 

Nova Minerals Limited Headquarters:

Suite 5, 242 Hawthorn Road
Caulfield VIC 3161
Australia

Phone: +61 3 9537 1238
Email: info@novaminerals.com.au

American Depositary Shares (ADS’s) are negotiable U.S. securities issued by a U.S. bank, referred to as a “depositary bank,” that typically represent a non-U.S. company’s equity. ADS’s trade freely in global markets and facilitate cross-border trading.

ADS’s allow non-U.S. companies to make their shares available outside their home markets and allow investors in the U.S. and elsewhere to easily invest in companies on a more global basis.

Nova Minerals’ listed ADS’s are traded on the NASDAQ Capital Market with ticker NVA.

An ADS program often uses a ratio to reflect a USD price which will differ to its primary home market. This ensures the ADS price is relevant to the wider market, including institutional shareholders who have investment mandate considerations.

An ADS ratio provides the number of underlying shares represented by one ADS. One (1) Nova Minerals ADS represents sixty (60) ordinary NVA shares on the Australian Securities Exchange (ASX). The two securities trade very close to parity once the ADS ratio and foreign exchange aspects are accounted for.

Investors in the United States can benefit from holding ADS’s rather than ordinary shares in the issuer’s home market, because ADS’s trade, clear and settle according to United States market conventions.

ADS’s allow U.S. investors to buy non-U.S. securities and hold these in their U.S. brokerage accounts. ADS’s also allow access to price and trading information, U.S. dollar dividend payments and corporate action notifications.

Nova Minerals ADS’s can be purchased through a US broker, just as you would to buy other U.S. securities. You cannot buy ADS’s directly from Nova Minerals.

BNY Mellon is the depositary bank and plays a key role in the process of issuance and cancellation of ADS’s.

An overview of the NVA ADS program can be found here.
For more information on BNY Mellon and ADS’s, please visit:
www.adrbnymellon.com
www.adrbnymellon.com/resources/dr-basics

 

The Bank of New York Mellon may charge an annual Depositary Service Fee of up to US$0.05 per ADS. This is typically collected from the broker or other intermediary that holds the ADS’s on your behalf. Your broker may pass this fee on to you directly or it may be part of the annual fee that you pay to maintain your brokerage account.

Section 5.9 of the ADS Deposit Agreement discloses all applicable fees. A copy can be found by visiting here (update SEC link to Deposit Agreement, once signed version available).

There will be an issuance fee of up to US$5.00 per 100 ADS’s (or portion thereof) charged by The Bank of New York Mellon for the issuance of the ADS’s. The exchange of your dematerialised ordinary shares will need to be managed by your broker as ordinary shares need to be transferred electronically to The Bank of New York Mellon prior to the issuance of ADS’s. Your selected broker may also levy an administrative charge for managing the exchange process.

At the present time, Nova Minerals over-the-counter foreign ordinary shares will continue to trade on OTCQB. There is no requirement to convert your OTC shares to ADS’s, however our expectation is that trading liquidity will be with the ADS listing. Each foreign ordinary share will continue to represent one (1) ASX-listed ordinary share of Nova Minerals.

Converting ASX-listed ordinary shares into ADS’s can be done through your broker.

To convert your ordinary shares into ADS’s:

  1. You need to transfer your ordinary NVA shares to BNY Mellon’s local custodian, HSBC Bank Australia Limited (SWIFT BIC: HKBAAU2SSYD, CHESS PID: 20057, Safekeeping Account: 011-552130-068). This process is usually completed by your broker via an electronic CHESS transfer, or broker transfer form. Your broker should be able to assist with this.
  2. HSBC also require the U.S. ADS delivery instructions to accompany any deposit of ordinary shares. This information should be sent via email to adrconversions.hbau@hsbc.com.au and should include details of the institution where the ADS’s will be delivered to in the U.S. market (i.e., institution / broker name & DTC acct. info).
  3. Once BNY Mellon receives confirmation from HSBC that your underlying ordinary shares have been deposited, new ADS’s are issued and delivered to your nominated U.S. broker, in accordance with the ADS programs “Deposit Agreement”.

Your broker’s back office will be familiar with the ordinary share to ADS conversion process. Should your broker have a settlement enquiry, they can contact drsettlements@bnymellon.com.

To convert your Nova Minerals F-shares to ADS’s, please contact your broker. They should be familiar with the process and would need to arrange for the delivery of the underlying ordinary shares which represent your NVAAF to HSBC in Australia as outlined in the response to “How do I convert my ASX-listed ordinary shares into ADS’s?” (above).

To convert your Nova Minerals FRA shares to ADS’s, please contact your broker. They should be familiar with the process and would need to arrange for the delivery of the underlying ordinary shares which represent your QM3 to HSBC in Australia as outlined in the response to “How do I convert my ASX-listed ordinary shares into ADS’s?” (above).

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of the record. A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of the broker, bank, or nominee.

For registered owners, ownership is registered by the depositary bank and is evidenced by an account statement provided by the depositary.

Registered owners can hold physical ADS certificates. Please contact BNY Mellon for more information.

BNY Mellon Shareowner Services
P. O. Box 43006
Providence RI 02940-3078 

USA

U.S. Toll Free Telephone: 1-888-BNY-ADRS (1-888-269-2377)
Telephone for International Callers: 1-201-680-6825

Website: www.mybnymdr.com
E-Mail: shrrelations@cpushareownerservices.com