Gold prices steady ahead of Fed decision, Trump’s tariff deadline
PERTH - 88 Energy Limited (ASX:88E) has established a Small Holding Sale Facility for shareholders with less than marketable parcels of shares, according to a press release statement issued Monday.
The facility will allow smaller shareholders to sell their shares without broker fees. The company defines a "Less than Marketable Parcel" as holdings worth less than A$500, which equates to 21,739 or fewer shares based on the closing price of $0.023 on June 13, 2025.
Approximately 8,329 of the company’s 12,113 shareholders hold less than marketable parcels, representing about 5.64% of all issued shares. The company stated it aims to reduce administrative costs associated with maintaining numerous small holdings.
Eligible shareholders who wish to sell their shares through the facility do not need to take action. Those who prefer to retain their holdings must complete and return a Notice of Retention Form to Computershare by July 30, 2025.
The facility excludes shareholders who are residents of the United Kingdom (TADAWUL:4280) and those who hold interests in the company’s shares via depositary interests in CREST.
The company plans to mail letters and Notice of Retention forms to eligible shareholders by June 18, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.