Midas Minerals (ASX:MM1) (Midas or the Company) advises that further to the ASX announcement on 1
February 2022, Canaccord Genuity has completed the sale of Midas’ shares for holders of less than a
marketable parcel of the Company’s shares (defined in the ASX listing rules as a parcel of securities of not less
than $500 in value) as at 5pm AWST on 28 January 2022 (Less than a Marketable Parcel).
The share sale facility (Facility) provided shareholders with Less than a Marketable Parcel to sell their
shareholding without incurring brokerage or handling costs. A total of 5,127 shareholders collectively holding
2,308,175 fully paid ordinary shares in Midas did not return the Share Retention Form by 22 March 2022
(Closing Date) to retain their Less than a Marketable Parcel. The Less than Marketable Parcels that were not
retained by shareholders, were sold at a price of $0.19 per share, being a 31% premium to the record date close
price on 28 January 2022.
A summary of the outcome of the Facility is set out below:
Number of Holders of Less than a Marketable Parcel as
at 28 January 2022
5,464
Share retention forms received and processed: 284
Holders that acquired additional shares or sold all their
shares by Closing Date:
53
Number of holders electing not to retain holding: 5,127
Following the completion of the sale of the Less than Marketable Parcels, the Company has 990 shareholders.
PAYMENTS AND UPDATING DIRECT CREDIT DETAILS
Payments will be distributed to participants as soon as practicable, at this stage on or around Thursday, 21 April
2022. Midas has paid all costs associated with the sale and transfer of Shares through the Facility (excluding
any bank charges associated with shareholders receiving the proceeds and the tax consequences of the sale,
which will be the responsibility of the relevant shareholder).
The Company strongly encourages all shareholders in to update their banking and contact details online through
Computershare’s Investor Centre website at www.computershare.com.au/easyupdate/MM1
Alternatively, you may contact Computershare on 1300 850 505 (within Australia) or + 61 3 9415 4000 (outside
Australia). Payment will be made in Australian dollars via direct credit of the bank account which is recorded on
the register, otherwise, you will receive an A$ cheque.
If you have any questions in relation to the above, please contact Computershare Investor Services Pty
Limited on 1300 850 505 (within Australia) or + 61 3 9415 4000 (outside Australia)
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Last
6.0¢ |
Change
-0.005(7.69%) |
Mkt cap ! $6.199M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $11.50K | 191.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85889 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 92474 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85889 | 0.060 |
1 | 100000 | 0.058 |
1 | 50000 | 0.057 |
1 | 12000 | 0.056 |
1 | 18886 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 92474 | 2 |
0.080 | 45 | 1 |
0.098 | 1140 | 1 |
0.100 | 61172 | 2 |
0.000 | 0 | 0 |
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