Unmarketable Parcel Sale Facility

Unmarketable Parcel Sale Facility

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 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 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 companysecretary@cleanaway.com.au  or call +61 3 8397 5100 and ask to speak to a member of the Company Secretarial team.

 

UBS is the broker appointed by the Company to undertake the sale facility, click here to view a copy of their Financial Services Guide.
 
It should be noted that shareholders participating in the Facility must not be a person (natural, corporate or governmental) currently subject to, or the target of, or connected (directly or indirectly) to any person that is subject to, any economic or trade sanctions administered by the U.S. Government, the United Nations Security Council, the European Union or any of its Member States (including under Council Regulation (EC) No 194/2008), the Australian Government, Her Majesty’s Treasury or other relevant sanctions authority (Sanctions) or located, organised or resident in a country or territory that is the subject of any comprehensive Sanctions (including without limitation, the Crimea region of the Ukraine, Cuba, Iran, North Korea, Sudan or Syria).