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Nova Minerals Limited ("Nova" or the "Company") (NASDAQ:NVA, NVAWW))) (ASX: NVA) (FRA: QM3) announces a ratio change to its sponsored American Depositary Receipt ("ADR") program with The Bank of New York Mellon.
This corporate action, which is a 5 for 1 forward split for the purposes of the NASDAQ listing, will have the effect of increasing the number of American Depositary Shares ("ADSs") on issue. It has no effect on the number of underlying shares on issue or the nominal value of the ordinary shares.
The former ratio of sixty (60) ordinary shares to one (1) ADS has been changed to twelve (12) ordinary shares per one (1) ADS effective on October 28, 2025. There will be no change to the underlying ordinary shares.
| ADR record date: | October 27, 2025 | |
| ADR payment date: | October 28, 2025 | |
| ADR effective date: | October 28, 2025 | |
| ADR Distribution rate: | 400% (4 additional ADS for each 1 ADS held) | |
| Issuance fee: | $0.00 | |
| Symbol: | NVA | |
| Traded: | NASDAQ | |
| CUSIP: | 66982D104 | |
| Old Ratio: | 1 ADS: 60 ordinary shares | |
| New Ratio: | 1 ADS: 12 ordinary shares | |
| ADR ISIN: | US66982D1046 | |
| Country of incorporation: | Australia | |
| Depositary: | The Bank of New York Mellon | |
| Custodian: | HSBC Bank Australia Limited | |
The first day of trading under the new ratio is expected to be October 29, 2025.
To effect this change, ADR holders will receive four additional ADSs for every one (1) ADS held as of October 27. 2025, the ADR record date. Existing ADSs will continue to be valid and will not have to be exchanged for new ADSs. In connection with this change, the register held by The Bank of New York Mellon (BNY) will be closed for issuances and cancellations from the close of business on October 24, 2025 and BNY anticipates the registrar will reopen on October 30, 2025 for all issuance and cancellation transactions.
The Board has undertaken the forward split to better align the company's share price with industry peers and enhance liquidity, offering broader access to investors amid strong interest in Nova's gold and antimony assets as the Company continues to advance toward production.
Posted In: NVA
