Bill,
There was a detailed press release by UCM on the sale of un-marketable parcels on 13 02 2023 02:50pm AEDT
EXTRACT:
"As at the close of business on 10 February 2023, the Company had 794 shareholders of which 279(35.1%) held less than a marketable parcel (<$500 in value). Their holdings, which totaled 1,635,802shares represents 0.82% of the Company’s total issued shares."
"UCM is offering this facility to assist holders of unmarketable parcels of shares to sell them at marketvalue without brokerage costs. It will also reduce the expense to the company of maintaining a largenumber of shareholders with unmarketable parcels. Unless you advise the UCM share registry by 5.00pm (AEST) on 28 March 2023 that you want toretain your shares, your shares will be sold and you will be sent the sale proceeds. The share sale facility is being operated in accordance with section 2.9 of the Company’s constitutionand the Australian Securities Exchange (ASX) Listing Rule 15.13. If you want to sell your shares under the facility - you need to take no further action.Your shares will be sold on your behalf by UCM after 28 March 2023. You will not need to appoint a broker or pay the brokerage and handling costs associated with the sale of shares under the facility.Any tax consequences from the sale of your shares will be your responsibility. If you want to retain your shares - you must complete and return the enclosed Share RetentionForm to Boardroom Pty Limited, GPO Box 3993, Sydney, NSW 2001, Australia by 5.00pm (AEST) on28 March 2023.."
Cheers to all
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