The Letter Of Intent To Sell Shares Template is a crucial document in Australian corporate transactions, used when a shareholder intends to sell their shares and wants to formally communicate their proposal to potential buyers. This document is typically employed in the early stages of a share sale transaction, before the parties proceed with detailed due diligence and formal agreements. It serves multiple purposes: documenting the basic terms of the proposed transaction, demonstrating serious intent to proceed, and providing a framework for further negotiations. While generally non-binding, it can include certain binding provisions such as confidentiality and exclusivity. The template must comply with Australian corporate law requirements, particularly the Corporations Act 2001, and may need to address specific regulatory considerations such as FIRB approval for foreign buyers. It's an essential tool for initiating share sales in both private and public companies, though the specific requirements and complexity may vary based on the transaction size and nature.
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1. Letter Header: Formal business letter header including date, sender's address, recipient's address
2. Subject Line: Clear indication that this is a Letter of Intent regarding share sale
3. Opening Paragraph: Introduction of the sender and their authority to make the proposal
4. Transaction Overview: Brief description of the proposed share sale, including company name and basic transaction structure
5. Share Details: Specific details about the shares being offered for sale, including number, class, and percentage of total shareholding
6. Proposed Price: The offered purchase price and any price adjustment mechanisms
7. Key Terms: Essential terms and conditions of the proposed transaction
8. Timeline: Proposed timeline for due diligence, negotiation, and completion
9. Non-Binding Statement: Clear statement that the letter is non-binding except for specific terms (if any)
10. Confidentiality: Statement regarding the confidential nature of the proposal
11. Closing: Formal closing, including next steps and contact information
1. Exclusivity Period: Include when requesting exclusive negotiation rights for a specified period
2. Due Diligence Requirements: Include when specific due diligence requirements or access needs to be outlined
3. Financing Contingencies: Include when the proposed purchase is subject to financing arrangements
4. Regulatory Approvals: Include when the transaction may require specific regulatory approvals (e.g., FIRB approval)
5. Employee Matters: Include when there are specific proposals regarding key employees or management
6. Break Fee: Include when proposing a break fee arrangement for transaction withdrawal
7. Governing Law: Include when dealing with interstate or international parties
1. Share Information Schedule: Detailed breakdown of share classes, rights, and current ownership structure
2. Key Terms Sheet: Summary of principal commercial terms being proposed
3. Timeline Schedule: Detailed proposed timeline for transaction completion
4. Due Diligence Checklist: Preliminary list of required due diligence items and documents
Relevant legal definitions
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Financial Services
Technology
Manufacturing
Retail
Healthcare
Mining and Resources
Professional Services
Real Estate
Agriculture
Transportation and Logistics
Education
Construction
Media and Entertainment
Energy and Utilities
Telecommunications
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Compliance
Company Secretariat
Shareholder Relations
Investment
Risk Management
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
Company Secretary
Corporate Lawyer
Legal Counsel
Investment Manager
Business Development Manager
Financial Controller
Mergers & Acquisitions Director
Corporate Development Manager
Board Director
Shareholder Relations Manager
Transaction Advisory Manager
Compliance Officer
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