UNITY MINING LTD ASX Code: UML
Issued capital:1140M ord. shares
9.58M unlisted Perf. Rights
Substantial Shareholders:Diversified Minerals Pty Ltd
136.5M (11.97%)
Directors:
Non-Executive Chairman: Clive Jones
Managing Director: Andrew McIlwain
Executive Director: Frank Terranova
Non-Executive Directors: Ronnie Beevor
Gary Davison
Contact Details:Unity Mining Limited
Level 10
350 Collins Street Melbourne Victoria 3000
Australia
Tel: +61 (0)3 8622 2300
Fax: +61 (0)3 8622 2399
Email: Info@unitymining.com.au
Website:
www.unitymining.com.au
On 3 August 2015, Unity Mining Limited (ASX : UML) ("Unity" or "Company") announced a program to provide smaller shareholders with an opportunity to sell their shareholding in Unity without incurring brokerage or handling costs.
The Unmarketable Parcel Sale Program was undertaken to enable Unity to substantially reduce the administrative cost of managing small shareholdings and to enable investors with small holdings, who may find it difficult or expensive to dispose of those shares through normal means, to dispose of their small holdings in a cost effective manner.
This program was open to Australian and New Zealand registered shareholders who at 7.00pm on 30 July 2015 held fully-paid ordinary shares in Unity with a value of less than $500.
The program closed at 5.00pm on Friday 18 September 2015.
The results of the Unmarketable Parcel Sale Program are as follows :
# of Shareholders | # of Shares | |
Shareholders who responded and wished to retain their shareholding | 1,693 | 12,108,184 |
Shareholders who did not respond, and whose shares will be sold under the Unmarketable Parcel Sale Program | 3,939 | 28,074,161 |
TOTAL | 5,632 | 40,182,345 |
The 28,074,161 shares that are to be sold under the Unmarketable Parcel Sale Program represents approximately 2.5% of the total Unity shares on issue.
Following the completion of the Unmarketable Parcel Program, total shareholder numbers will decrease from 8,518 shareholders to 4,579 shareholders.
Unity has engaged Pac Partners to manage the sale of the Unmarketable
Parcel Sale Program shares.
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