88 Energy Launches Small Holding Share Sale Facility
Why we think this is neutral
This RNS announcement is a general update regarding 88 Energy establishing a Small Holding Share Sale Facility. It does not contain any of the mandatory news types such as contract news, order news, trading update, financing, funding, annual results, asset sale/disposal, flow testing, licence news, or delisting. Therefore, the sentiment is assessed as neutral.
Key Points
- 88 Energy has established a Small Holding Sale Facility for holders of "Less than Marketable Parcels" of the Company's shares
- The Facility allows smaller shareholders to sell their shares without using a broker or paying brokerage fees
- The Company aims to reduce the administrative costs associated with maintaining a large number of very small holdings
Summary
The energy company is providing a facility to allow smaller shareholders to sell their shares without brokerage fees, aiming to reduce administrative costs.
88 Energy Limited (ASX: 88E) has established a Small Holding Sale Facility to allow holders of "Less than Marketable Parcels" of the Company's shares to sell their shares without using a broker or paying brokerage fees. The Company hopes to reduce the administrative costs associated with maintaining a large number of very small holdings.
GENERAL UPDATE