Full Press Release Details
Small Holding Share Sale Facility
Immuron Limited (ASX:IMC and NASDAQ:
IMRN) (Immuron or the Company) is pleased to announce that it is providing eligible holders of small parcels of ordinary shares the opportunity
to sell their shareholding without incurring brokerage or handling costs.
the Company has established a Small Holding Share Sale Facility (Sale Facility or Facility) for holders whose shareholdings have a
market value of less than $500. At the closing market price of $0.027 on the Record Date, that equates to shareholding of 18,518 shares
or less (Small Holdings). The Record Date for the purposes of determining holders of Small Holdings has been set at close of trade
Shareholders with Small Holdings
are not obliged to sell their shares. However, such shareholders will need to opt out of the Sale Facility by returning the Share Retention
Form no later than 5.00pm on 1 June 2026 (Sydney time) or their Shares will be automatically sold for them.
Any tax consequence arising from
the participation in the Sale Facility will be the responsibility of Sale Shareholders. The Company has chosen to offer this Sale Facility
because as at 8 April 2026, nearly 1,500 of the Company's approximately 2,400 shareholders own Small Holdings. This Sale Facility will
enable Immuron to substantially reduce the administrative cost of managing Small Holdings. In addition, it will enable investors with
Small Holdings, who may find it difficult or expensive to dispose of their shares through normal means, to dispose of their Small Holdings
in a cost-effective manner.
A letter being dispatched to all
relevant shareholders explains the Terms of the Sale Facility and the benefits to the Company. This letter will be accompanied by a Q&A
Information Sheet and a personalised Share Retention Form. A copy of these is attached to this announcement.
| KEY DATES* | |
| Record Date | 8 April 2026 |
| ASX Announcement re Small Holdings Sale Facility | 13 April 2026 |
| Letters and Retention Form sent to shareholders holding Small Holdings | 13 April 2026 |
| Closing Date for receipt of Share Retention Forms | 1 June 2026 at 5.00pm (Sydney time) |
Should you have any questions,
please call your broker, accountant or professional adviser. If you require information on how to complete the Retention Form, please
contact the Company Secretary on +61 3 8892 4854.
Attached to this announcement
is the letter sent to eligible shareholders.
This release has been authorised by the Directors of Immuron Limited. Further
information please contact:
Chief Executive Officer
Small Holding Share Sale Facility
We are pleased to advise you that
Immuron Limited (ASX: IMC and NASDAQ:IMRN ) (Immuron or the Company) has established both a Small Holding Share Sale Facility (Sale
Facility or Facility) for shareholders who own IMC shares with a market value of less than A$500 (Small Holding) as at close of trade
on 8 April 2026 (Record Date).
You are receiving this letter because
our records show that as at the Record Date you held a Small Holding of Immuron shares (18,518 or less) and hence you are eligible
to participate in the program.
The Facility will enable the aggregation,
and on-sale, of all Small Holdings. Furthermore, the Facility will allow all Small Holding shareholders to sell their Shares without incurring
any brokerage or handling costs. Instead, Immuron will pay all costs associated with the sale and transfer of Shares through the Facility
(excluding any tax consequences of the sale, which will be your responsibility).
As a result of this sale of Small
Holdings, the Company expects to significantly reduce its administration costs, specifically those associated with maintaining a large
number of small shareholdings. The price that you will receive for your shares under the Sale Facility will be determined when and by
how the shares are sold. The Company may sell your shares on market or in any other way they consider fair and reasonable in these circumstances.
If the shares are sold on market the price will depend on a number of factors, including market conditions at the time of sale.
YOUR SHARES WILL BE SOLD
IMC's share register records
indicate that your shareholding was a Small Holding based on the Company's share price of $0.027 as at close of trade on 8 April 2026.
If you do nothing, your shares will be sold unless you advise the Company that you DO NOT WISH to sell your shares by 5:00pm (Sydney time)
on 1 June 2026. The Company intends to sell your shares through the Sale Facility in accordance with Clause 10.4 of the Company's
Constitution and the ASX Listing Rules. Funds will be sent to you as soon as is practicable following the completion of the sale.
Immuron has appointed Henslow to
sell the Shares under the Facility and the proceeds from the sale of the Shares will be remitted to participating shareholders as soon
as practicable following settlement of all Shares sold through the Facility.
If you DO NOT WISH to sell
your shares through the Sale Facility, you must complete and return the attached form (Share Retention Form) to the address on the form
so that it is received by 5:00pm (Sydney time) on 1 June 2026.
Please read the instructions on your personalised
Share Retention Form carefully before completing it.
If you want to sell your shares
through the Sale Facility, you do not need to take any action. By refraining from taking any action, after the expiration of the time
prescribed in the ASX Listing Rules and the Company's Constitution, you will be deemed to have irrevocably appointed the Company
IMPORTANT INFORMATION
The Company has determined that you hold a Small Holding,
based on the Company's closing share price on the Record Date.
If you have a Small Holding as at the Record Date, then
unless you complete and return the Share Retention Form, the Company will be entitled to sell your Shares under the Sale Facility.
The Company does not make any recommendations
or provide any advice to you regarding whether to buy, sell or hold your Shares, nor that this Sale Facility is the best way to sell your
Shares. The attached Q&A Information Sheet sets out further details of the Sale Facility, which you should read before making any
If you need help deciding what
to do, or if you require information regarding the financial, legal or tax consequences of participating in the Facility you should consult
your legal, financial or taxation adviser.
If you require information on how
to complete the Share Retention Form, please contact the Company Secretary on +61 3 8892 4854.
On behalf of the Board
Small Holdings Share Sale
Facility Q&A Information Sheet
WHAT IS SMALL HOLDING OF SHARES?
A Small Holding of shares is a
holding of Immuron Limited (Immuron or the Company) shares valued at less than $500 as at close of trade on 8 April 2026 (Record Date).
Based on the closing price of Immuron's shares at the Record Date, this equates to a holding of 18,518 shares or less.
WHY IS IMMURON DOING THIS?
Immuron has decided to establish
a Small Holdings Sale Facility (Facility) to enable you to sell your Small Holding without incurring brokerage or handling costs that
could otherwise make a sale of your Small Holding uneconomic or difficult.
Based on the register of ASX shareholders of Immuron as at
5.00pm (AEST) on the Record Date:
The sale of Small Holdings through
the Facility will also enable Immuron to reduce administrative costs associated with maintaining a large number of relatively small holdings
of Shares. If most Small Holding holders do sell their shares, there will be up to a 63% reduction in the number of Immuron shareholders.
This will result in significant cost savings to the Company.
WHAT IF I OWN MORE THAN 18,518 SHARES?
Shareholders who own more than 18,518 shares will not be
eligible to participate.
WHAT PRICE WILL I RECEIVE FOR SHARES SOLD THROUGH
The price that you receive for
your shares under the Sale Facility will be determined by when and how the shares are sold. Immuron has appointed a Broker (Henslow) to
sell your shares on market or in any other way they consider fair and reasonable in the circumstances. If the shares are sold on market,
the price will depend on a number of factors, including market conditions at the time of sale.