Unmarketable Parcels Buy-BackThe Company is pleased to advise that it is proposing to conduct an unmarketable parcels buy-back (Unmarketable Buy-Back).The directors of the Company are proposing to provide eligible shareholders with the opportunity to sell their small shareholdings of Gasfields shares at no cost to the Gasfields shareholder.Shares purchased by the Company under the Unmarketable Buy-Back will be cancelled in accordance with the requirements of the Corporations Act 2001 (Cth).Based on the share register of Gasfields as at 7pm (Sydney time) on Monday 11 March 2019, and a buy-back price of $0.002, a less than marketable parcel of shares is 250,000. Gasfields currently has 320 unmarketable parcel holders comprising 18,162,046 shares.Shareholders who hold more than 250,000 shares will not be eligible to participate in the Unmarketable Parcel Buy-Back.The Company will provide full details of the Unmarketable Buy-Back in accordance with its constitution once it decides to formally progress with the Unmarketable Buy-Back. This is currently anticipated to occur in early April 2019
GFS Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
