Cluey Ltd (ASX: CLU), an innovative Edtech company providing curriculum-aligned academic support to students in Australia and New Zealand, has announced a Minimum Holding Buy-Back for unmarketable parcels of its ordinary shares. This initiative precedes the company’s planned delisting from the ASX, following a special resolution passed by shareholders on August 13, 2026, to approve its removal from the Official List. Holdings valued at less than $500 are considered unmarketable parcels under ASX Listing Rules.
The buy-back price for eligible shares has been set at $0.009 per share, representing a 10% premium to the 30-day volume-weighted average price at the close of trade on August 13, 2026. Shareholders holding a less than marketable parcel as of the record date of August 13, 2026, will automatically have their shares bought back unless they choose to opt out. To retain their shares, eligible holders must complete and return a ‘Retention Form’ by 5:00 PM AEST on Tuesday, September 29, 2026, or elect online. Alternatively, shareholders may increase their holding to 50,000 shares or more by the same deadline to avoid the buy-back.
The company estimates that less than marketable parcels currently represent approximately 0.96% of its issued share capital, with the total cost of the buy-back expected to be about $36,122, funded from existing cash reserves. Shareholders participating in the buy-back will receive sale proceeds from October 2, 2026, and will not incur any brokerage costs. Trading in Cluey shares is scheduled to be suspended on Friday, October 2, 2026, with the delisting from the ASX effective Tuesday, October 6, 2026. Shareholders retaining unmarketable parcels will be unable to sell their shares on the ASX after the suspension date and are advised to seek independent professional advice regarding their options.
