Lucapa Diamond is planning to undertake a share sale facility for shareholders that hold less than $500 in the value of the company’s fully paid ordinary shares.
The diamond junior currently has 5,395 shareholders on its share register.
Of these, it said, 2,688 hold parcels of shares worth less than $500 in value based on the closing share price of its shares on the ASX on June 19, 2023, of $0.032.
“On this basis deemed holders of unmarketable parcels are those holding 15,624 shares or less,” said Lucapa.
It said the sale price will be determined once all the shares under the facility are sold.
“Holders of an unmarketable parcel will receive a proportionate share of the sale proceeds from all shares sold under the facility without any deduction for brokerage or handling costs,” said Lucapa.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
