Credit Clear Makes Shareholding Sale Facility for Holdings Below AU$500

MT Newswires Live

Feb 07

Credit Clear (ASX:CCR) made a small shareholding sale facility for shareholders holding less than AU$500 worth of shares, the company said in a Friday Australian bourse filing.

As of Wednesday, the company had about 457 shareholders with a small shareholding, the filing said. The sale facility is available to shareholders who held between 1 and 1,694 shares on that day, based on the closing price of $0.295 per share.

Shareholders who wish to sell their small shareholding through this facility will receive the volume-weighted average price for their shares, per the filing.

The company expects the facility to help reduce the administrative costs associated with maintaining a large number of small shareholdings on its shareholder register, the filing added.

The company's shares were down almost 2% in recent Friday trade.

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