Unmarketable Parcel Sale Facility

Unmarketable Parcel Sale Facility

Cleanaway has established a sale facility on 15 March 2017 for shareholders who own less than $500 value of CWY shares (Facility) to assist them to sell their shares without incurring brokerage or handling costs. On 8 May 2017, Cleanaway announced the completion of the Facility – click here to view the announcement.

 

Background:

As at market close on 10 March 2017 (Record Date), the closing price of the Company’s shares on ASX was $1.275 and on this basis shares of 392 or less are deemed as Unmarketable Parcels.

 

Shareholders with an Unmarketable Parcel who would like to retain their CWY shares, had to return a Retention Form to the Company’s Registrar, Computershare by no later than 5pm Melbourne time on 28 April 2017 otherwise their shares will be sold and the sale proceeds will be paid to a bank account nominated by the shareholder. Shareholders who wish for their shareholding to be sold by the Company did not need to take any action. If you participated in the facility and would like to update your bank account details, please visit www.investorcentre.com or contact the Company’s Registrar, Computershare on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia).

 

Key dates in relation to the Facility:

Unmarketable Parcels Record Date7pm Melbourne time, 10 March 2017
Letter to shareholders holding Unmarketable Parcels15 March 2017
Closing Date for receipt of Share Retention Form5pm Melbourne time, 28 April 2017
Estimated Unmarketable Parcels payment dateAs soon as practicable before or on 15 May 2017

 

UBS was the broker appointed by the Company to undertake the sale facility, click here to view a copy of their Financial Services Guide.