its a good move by the board to do this im happy for it.
you DONT have to sell under that but , you have the option to , its a waste of company time and money haveing lost of unmarketable parcels and mailing costs of it, with a register of people that dont have many shares, but simply buy more if you like and can afford.
see what happen to VPE another company came in and offered to buy those type of parcels as managment was poor and did not clean up the register after the consolidation.
vpe annoucments , read these to understand why they are doing it.
06/03/2008 ODN: Offer to acquire shares from small VPE shareholders
06/03/2008 ODN: Share acquisition
12/02/2008 ODN: Letter to Shareholders
MGK cleaned up its register after consolidation.
resolution 4, page-5
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024