Unmarketable Parcel Share Sale Facility
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Unmarketable Parcel Share Sale Facility
Marvel Gold Limited has announced the establishment of a Share Sale Facility for holders of Unmarketable Parcels of shares in the Company. An Unmarketable Parcel is defined as having a market value of less than A$500. Shareholders with 45,454 shares or less as of the Record Date are eligible to participate in the Facility, representing 1.32% of Marvel's issued shares. The Company aims to reduce administrative costs associated with small holdings and is offering shareholders the opportunity to sell their shares without brokerage costs. Shareholders can choose to retain their shares by returning a Share Retention Form. Canaccord Genuity has been appointed as the broker for shares sold under the Facility. Shareholders can expect the sale proceeds to be forwarded to them after settlement, with all costs covered by the Company except for tax consequences. Key dates related to the Facility are provided, and the Company emphasizes that shareholders are not obliged to sell their shares. For further information, shareholders are encouraged to contact the Company directly.
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