SIR sirius resources nl

little email from sir, page-12

  1. 1,950 Posts.
    i asked:just a quick question, the unmarketable shares what happens to them, do
    they get sold at market(if so what price) or do the owners of them just get the money and the shares become none exsitant?

    In answer to your question, the the company buys the shares from the individuals and the shares get onsold to a pre-designated buyer who has agreed to take them. The intent of this is to ensure a) the company doesn't have to pay, and b) the shares don't flood the market.
    Cheers,
    Mark
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.