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DELTA LITHIUM LIMITED — Share Issue/Capital Change 2017
Nov 19, 2017
64775_rns_2017-11-19_c685e2bb-6bd8-4033-8261-1aad7cde706a.pdf
Share Issue/Capital Change
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Level 7, 1008 Hay Street Perth WA 6000 P +61 8 9389 2000 E [email protected]
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20 NOVEMBER 2017
Unmarketable Parcel Sale Facility
TNT MINES LIMITED (ACN 107 244 039) (“TIN” or “Company”) is pleased to announce that it has instituted a sale facility for holders of unmarketable parcels of the Company’s shares.
The ASX Listing Rules define an unmarketable parcel as those with a market value of less than A$500. As at 5.00pm (Perth time) on 14 November 2017 ("Record Date”), an unmarketable parcel of shares is any shareholding of 2,083 shares or less, based on the closing price of A$0.24 on the Record Date (“Closing Price)”. This represents 183,066 shares, held by 5,615 shareholders (“Minority Members”).
The Company is offering this sale facility to assist holders of unmarketable parcels to sell shares without having to use a broker or pay brokerage. The Company will pay for all the costs of the sale for shareholders who use this facility, excluding tax consequences from the sale which remains the shareholders responsibility.
The Company values all its shareholders, however, it incurs significant administration costs maintaining such a large number of unmarketable parcels. By facilitating this sale, the Company expects to reduce the administrative costs associated with maintaining a large number of very small holdings. Company shareholders who own 2,083 shares or more will not be eligible to participate.
If Minority Members wish to sell shares through this facility, they do not need to take any action. If Minority Members do not wish to sell shares through this facility, they must complete and return the Notice of Retention Form to the Company’s share registry, Computershare Investor Services Limited, by 5pm (Perth time) on 3 January 2018 (“Retention Date”).
Upon the sale of the unmarketable parcel shares by the appointed broker, proceeds shall be forwarded to eligible shareholders as soon as practicable.
Attached is a copy of the letter and the Notice of Retention Form that is currently being mailed to shareholders that are holding an unmarketable parcel TNT Mines Limited on the Record Date.
TNT Mines Contact Details:
Company Secretary for the Company, Mr Mark Freeman.
Phone: Fax: E-Mail +61 8 9389 2000 +61 8 9389 2099 [email protected]