SGH 0.00% 74.0¢ slater & gordon limited

Ann: Chairman's Address to Shareholders, page-5

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  1. 484 Posts.
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    Before I get to the formal business of today’s meeting, I want to let you know about an initiative that the Boardapproved this morning to tidy up the Company’s share register and to try and improve liquidity in theCompany’s shares.The Board is conscious that there are a number of shareholdings where there are restrictions placed onselling those shares. Those restrictions were put in place some time ago, either as part of a prior employeeshare acquisition plan or employee incentive plan or following the acquisition of a law practice where part ofthe consideration was paid to the vendors in shares.The Recapitalisation of the Company approved in December 2017, which included a 1 for 100 shareconsolidation, has rendered the reasons for imposing those restrictions irrelevant. Accordingly, the Board hasresolved today to lift all restrictions effective on Monday.The Board hopes these measures may go some way to improving liquidity for shareholders, particularly forsmall shareholders.


    Does this mean huge selling from monday??? 

 
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Currently unlisted public company.

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