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STREAMPLAY STUDIO LIMITED Capital/Financing Update 2005
65841_rns_2005-10-06_5c30db13-17e1-4742-ac53-4d7ddc1e3afe.pdf
Capital/Financing Update
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Suite 34, 18 Stirling Highway, Nedlands WA 6009 PO Box 352, Nedlands WA 6909, Australia ABN 31 004 766 376 Tel: (08) 9389 8611 Fax: (08) 9389 8612 [email protected] www.gippslanditd.com
2005-10-07
LSE-ASX Announcement
Media Release
UNMARKETABLE SHARE SWEEP
Gippsland Limited announced on 7 July 2005 that it had commenced an unmarketable parcel sweep as part of its capital management programme.
That exercise has now been completed with 715 shareholders holding 522,743 shares not advising the Company that they wished to retain their shares in the Company. As a result, under its arrangement with the Company, Sentenial Stockbroking has placed these shares on behalf of the shareholders at a price of $0.10 per share.
The 522.743 shares represent less than 0.32% of the Company's share capital but approximately 40% of the number of shareholders. This exercise reduces the number of shareholders from 1,783 to 1.068 with commensurate significant reductions in the administration, regulation, communication and share registry costs to the Company.
For further information please contact:
Jack Telford Executive Chairman Gippsland Limited www.gippslandltd.com [email protected]
Leesa Peters Conduit PR Tel: +44 (0)20 7618 8708 [email protected]
Les Polden HB-corporate Tel: +44 (0)20 7510 8565 [email protected]