An update was provided in one of the quarterly reports some time ago
Unmarketable Parcel Sale Facility
On 4 July 2017, The Company announced that it had closed the Unmarketable Parcel Sale Facility for holders of parcels of shares worth less than $500 (Unmarketable Parcels) in the Company (UPS Facility) on 30 June 2017. The Company provided the UPS Facility to holders of Unmarketable Parcels to sell their shares without incurring any brokerage or handling costs that could otherwise make a sale of their shares uneconomic or impractical. By completing the UPS Facility, the Company will reduce the administrative costs associated with maintaining a large number of small holdings. To date, no Unmarketable Parcels have been sold due to a minimum price rule in the Company’s Constitution. It is anticipated that the sales will occur soon after the Company’s re-quotation to trading on the ASX.
This was back on the 1/2/18 (ASX 31 Jan 2018 Activities Report)
EGS Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
