Cleanaway has established a sale facility 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. The Facility was announced on 15 March 2017 – click here to view the announcement.
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. The Facility will enable shareholders of Unmarketable Parcels to sell their full holdings without incurring brokerage costs. Shareholders who wish for their shareholding to be sold by the Company do not need to take any action.
Shareholders with an Unmarketable Parcel who would like to retain their CWY shares, must 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. If you are participating 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).
A summary of the key dates in relation to the Facility are as follows:
|Unmarketable Parcels Record Date||7pm Melbourne time, 10 March 2017|
|Letter to shareholders holding Unmarketable Parcels||15 March 2017|
|Closing Date for receipt of Share Retention Form||5pm Melbourne time, 28 April 2017|
|Estimated Unmarketable Parcels payment date||As soon as practicable after 15 May 2017|
For further details about the Facility, please refer to the letter to shareholders which was attached to the Company’s announcement on 15 March 2017.
If you have a question about the Facility, please email the Company at email@example.com or call +61 3 8397 5100 and ask to speak to a member of the Company Secretarial team.