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PERTH - 88 Energy Limited (ASX:88E) announced Wednesday it has initiated a Small Holding Sale Facility for shareholders owning "Less than Marketable Parcels" of the company’s shares.
The facility, detailed in a letter sent to eligible shareholders, aims to provide holders of small share parcels the opportunity to sell their holdings without incurring brokerage or handling costs that might otherwise make selling uneconomical relative to the value of their investment.
According to the company’s statement, the initiative will also help reduce administrative costs associated with managing numerous small shareholdings.
The facility follows an earlier announcement made on June 16, 2025, with complete details available on the company’s website. However, 88 Energy specified that the facility is not available to shareholders who are residents of the United Kingdom (TADAWUL:4280) or to those who hold interests in the company’s shares via depositary interests in CREST.
The announcement, authorized by the company’s board, was released as part of a press release statement that included contact information for the company’s investor relations team and its financial advisors.
88 Energy is an Australian-listed energy company that has been focusing on exploration activities.
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