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IMEXHS LIMITED — Share Issue/Capital Change 2011
Aug 23, 2011
65120_rns_2011-08-23_53e91e29-5ef8-41cb-8a69-a675e9574a75.pdf
Share Issue/Capital Change
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ASX: SWW
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24 August 2011
Company Announcements Office Australian Securities Exchange Level 4 Exchange Centre 20 Bridge Street Sydney NSW 2000
Sale of Unmarketable Parcels
The Directors of SWW Energy Limited ( SWW or the Company ) are pleased to announce that SWW has established a sale facility for holders of unmarketable parcels of shares in the Company, being a parcel of shares with a value of less than $500. The sale facility is subject to the conditions set out in the attached notice.
As at the close of business on 19 August 2011, the Company had 2,511 shareholders of which 2,310 held less than a marketable parcel. Their holdings, which total 5,189,960 shares, represent 1.33% of the Company’s total issued shares.
The elimination of unmarketable parcels of shares will assist in reducing the Company’s large shareholder base and the administrative costs associated with managing that base. It will also benefit the shareholders of unmarketable parcels who otherwise might find it difficult to sell their shares due to the small size of their holding. These shareholders will also avoid incurring any brokerage costs as these will be borne by the Company.
Attached are copies of the Notices which will be sent to all shareholders holding unmarketable parcels as at 19 August 2011 in due course.
For and on behalf of the Board
Yours faithfully
SWW ENERGY LIMITED
Matthew Foy
Director
SWW Energy Limited Level 8, 225 St Georges Terrace Perth WA 6000 P: +61 8 9486 4036 F: +61 9486 4799