ah yes that makes sense, thank you so much for sharing this. I’m...

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15/04/20

11:42

Post #: 44051450
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Originally posted by shorty: ↑

I would assume it has something to do with the opt out Unmarketable Parcel Sale Facility - announcement on 7 Feb

Slater & Gordon Limited (“Slater & Gordon” or “the Company”)(ASX: SGH) announced today that it is
establishing an opt-out unmarketable parcel sale facility (Facility) for shareholders who hold less than $500
worth of fully paid ordinary SGH shares (Unmarketable Parcel).
The Company has received numerous requests from shareholders over time to establish such a Facility.
As at market close on Tuesday 4 February 2020 (Record Date), the closing price of the Company’s
shares on ASX was $1.00 and on this basis an Unmarketable Parcel is less than 500 shares.
In accordance with the Company’s Constitution and ASX Listing Rules, the attached letter and Share
Retention Form will be sent to all shareholders holding an Unmarketable Parcel of shares as at the
Record Date.
Shareholders with an Unmarketable Parcel who wish to retain their shareholding need to give the
Company written notice by returning the Share Retention Form by no later than 5.00pm (Melbourne time)
on Friday 20 March 2020 or acquire additional shares prior to that time such that their holdings comprise a
marketable parcel, otherwise their shares will be sold by the Company.
Shareholders wishing to take advantage of the Facility and have their shares sold by the Company do not
need to take any action.
A summary of key dates in relation to the Facility are as follows:
Slater & Gordon may modify these dates or suspend or terminate the Facility. Any modification, suspension
or termination will be notified to shareholders by way of a market announcement.
ENDS
Unmarketable Parcels Record Date 7.00pm (Melb. time), Tuesday 4 February 2020
Despatch of Letter to holders of Unmarketable Parcels Friday 7 February 2020
Closing Date for receipt of Share Retention Form 5.00pm (Melb time) Friday 20 March 2020
Estimated Unmarketable Parcels payment date As soon as practicable after Friday 17 April 2020

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ah yes that makes sense, thank you so much for sharing this. I’m not surprised by this his shares were worth $3000 5 years ago and if it’s $1 per share now it’s worth $86. So many who didn’t sell early would in this situation,

SGH Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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