Ann: Unmarketable Parcel Sale Facility, page-21

Here is the reply I received from them today:

All the shares to be sold under the Unmarketable Parcel Sale Facility were transferred from the affected shareholders’ accounts on 5 January (as advised by Computershare), and pooled in an account which is accessible by the independent broker nominated to sell the shares on the ASX. Once all the shares have been sold, the proceeds will be distributed to the affected shareholders. The amount per share will be dependent on the total amount realised by the sale of the shares.

Timing of release of the funds is dependent on how long it takes to sell the shares. There is a large number of shares to be sold; and volume in trading of PGI shares has been low. The process is taking some time, which is no doubt most frustrating for the affected shareholders. The Company appreciates your patience, but the alternative would be for the independent broker to dump the shares on the share market, causing the price to plummet and the affected shareholders to receive minimal value for their shares.

A cheque will be sent to your address on record with the share registry, Computershare, once the shares are sold.

They must have a huge amount to sell. Hopefully they are selling off at the peaks, not the troughs.