SNK
29/03/2016 17:31
GENERAL
NOT PRICE SENSITIVE
REL: 1731 HRS Snakk Media Limited
GENERAL: SNK: Snakk Media Share Sale Plan Closes
Snakk Media Limited's (the Company) Share Sale Plan (SSP) closed on 23 March
2016.
Several larger shareholders (including members of the Board and Management)
participated in the book build that was executed shortly after market close
today. Final demand was for more than 140 000 shares, which was slightly in
excess of the Shares currently held by shareholders with less than 500 shares
who did not choose to increase their holdings via the SSP.
As a result, the Board has scaled the sale of shares under the SSP so that
shareholders who held less than 500 shares will sell their holding (or have
their holding sold on their behalf). Selling shareholders will receive $0.84
per share and pay no brokerage for the sale.
After the SSP, the Company will have approximately 1600 shareholders on its
register compared to more than 3400 shareholders prior to the SSP. The
reduction of the share register by more than 1,800 shareholders achieves the
primary aim of the SSP and represents the last phase of the Company's Capital
Management Program.
ENDS
For enquiries, please contact:
Heidi Aldred, Company Secretary
+61 410 802 992
[email protected]
End CA:00279961 For:SNK Type:GENERAL Time:2016-03-29 17:31:20
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