Dear Shareholder
Important Notice
Holders of unmarketable parcel of Shares,
Compulsory Sale Facility
I am writing to offer to all shareholders with a holding of Sirius Resources NL Shares valued at less than $500 (called an
unmarketable parcel) a compulsory sale facility. As at close of business 15 January 2010, our records indicate that you are such a
shareholder.
Sirius Resources NL has in excess of 11,030 shareholders with an unmarketable parcel of Shares. Due to the higher brokerage
costs that you face in selling this number of shares and the expense to the Company associated with maintaining small
shareholdings (eg. printing and mailing costs of distributing Annual Reports and Notices of Meeting together with share registry
costs), Sirius Resources NL would like to take this opportunity to encourage you to sell your existing holding.
Ultimately, it is your choice and you may elect to maintain your shareholding.
The compulsory sale facility (Facility) is a convenient and cost effective way for you to sell your shares, free of brokerage. The
Facility is being conducted, for shareholders who, like you, hold shares with a market value of less than $500 as at close of
business 15 January 2010.
Under the Facility, unless you elect to retain your shares, the Company will sell your shares on your behalf at the 5 day volume
weighted average price (VWAP) prior to 22 January 2010 and send you the sale proceeds. All brokerage costs will be met by the
Company if you sell your holding under the Facility.
If you wish to sell your shares, you need take no action.
If you wish to retain your shares you must complete and return the enclosed form.
Enclosed with this letter is a Share Retention Form which you MUST complete if you wish to retain your Sirius Resources NL
shares.
- Forums
- ASX - By Stock
- SIR
- attention share holders under $500 worth
attention share holders under $500 worth
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SIR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online