The share sale facilities are now closed.
OZ Minerals has initiated two share sale facilities designed to allow shareholders with less than 5,000 shares to sell their shares cost effectively and simply and to assist the company in reducing costs associated with servicing smaller holdings.
Completed forms for the share sale facilities were due to the OZ Minerals share registry by close of business on Monday 19 October 2009.
The sale shares under both the Voluntary Share Sale Facility and the Unmarketable Parcels Sale Facility were sold on 23 October 2009. The volume weighted average price obtained for the sale of the shares in both of the facilities was $1.2481 per share. (See announcement: Share sale price for shareholder sale facilities)
Unmarketable Parcels Sale Facility
Consistent with the Company’s Constitution, and recognising that the cost to shareholders of selling very small holdings can be prohibitive, shareholders with an unmarketable parcel of shares (equivalent in value to or below A$500) would have received a letter. The letter explained that, unless they advised the Company otherwise, their shares would be sold on market and the proceeds remitted to them at zero cost to them. Shareholders who wish to retain their unmarketable parcels of shares were instructed to return the form with the letter otherwise their shares will be sold.
The last date for the “share retention” forms to be received at the OZ Minerals share registry was 19 October 2009.
Unmarketable Parcels Sale Facility - letter to shareholders (PDF 366kb)
A copy of the Goldman Sachs Financial Services Guide is available for download.
Financial Services Guide (PDF, 110kb)
Voluntary Share Sale Facility
This share sale facility was available to shareholders who had holdings that are above the unmarketable parcel level of $500 but equal to or less than 5,000 shares. These holders were informed that they could sell their holdings free of all brokerage charges. Shareholders in this category, who wished to retain their shares, were not required to do anything. Shareholders who wished to take up this part of the share facility offer were instructed to “opt in” via the form that was enclosed in a letter that was sent to them.
The last date for green “sale instruction” forms to be received at the OZ Minerals share registry was 19 October 2009.
Voluntary Share Sale Facility - letter to shareholders (PDF 308kb)
A copy of the Goldman Sachs Financial Services Guide is available for download.
Financial Services Guide (PDF, 110kb)
More information
Share sale facilities - frequently asked questions
If you are a shareholder and you have any questions regarding how the Unmarketable Parcels Sale Facility or the Voluntary Share Sale Facility works please contact the OZ Minerals Share Registry call centre on:
1300 306 089 (within Australia) or on +61 2 8280 7763 (outside Australia).
OZ Minerals share price