Low Volume Financial Market
Techniche Limited (Techniche) is an unlisted public company and disclosing entity. Techniche's shares are not listed on any licensed market or exchange, including the Australian Stock Exchange (ASX). In order to provide shareholders with some liquidity for their shares, Techniche has received approval from the Australian Securities and Investments Commission (ASIC) to operate a low volume financial market under exemption provided by section 791C of the Corporation Act 2001 and in accordance with the Corporation (Low Volume Financial Markets) Instrument 2016/888. It is important to note the following:
- The market is covered by an exemption under section 791C of the Corporations Act 2001;
- Techniche is not licensed under Part 72 of the Corporations Act 2001; and
- Techniche is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.