21st Jun 2005 07:02
Murchison United NL21 June 2005 ASX, AIM and Media Release 21 June 2005 Notice of Intention to sell less than the marketable parcel of shares The Company today dispatched the following circular to all shareholders who holdless than a marketable parcel of shares as defined in the Australian StockExchange Rules. All shareholders who hold less than 8,620 shares will berequired to return the Retention Notice to the company's share registry by the10 August 2005 otherwise the Company will sell these shares on their behalf. Allcosts associated with the sale will be borne by the Company, and money receivedwill be paid to the shareholder within 14 days of the sale. As of 17 June 2005 1,150 shareholders representing 48% of the total number ofshareholders held less than a marketable parcel of shares. These shareholdersheld 3,029,531 shares representing 1.1% of the total ordinary shares on issue. Please call Mark Reilly or Joe Schiavi with any queries. Telephone +61 (08) 93814711. Mark Reilly Managing Director 17 June 2005 Shareholder name and address Dear Shareholder NOTICE OF INTENTION TO SELL LESS THAN THE MARKETABLE PARCEL OF SHARES Our records show that the number of shares held by you (Your Shares) inMurchison United NL (Murchison or Company) equates to a marketable value of lessthan $500 at the date of this notice. This is less than a marketable parcel, asdefined in the Australian Stock Exchange Market Rules. The cost to the Company in administering shareholdings of less than a marketableparcel of shares and in providing annual reports, notice of meetings and otherinformation to its shareholders is considerable. In many cases these expensesare often greater than the underlying shares. Accordingly, in order to reducethese costs, Murchison hereby gives notice pursuant to clause 6.5 of itsConstitution that, if your shareholding in Murchison has a market value of lessthan $500 at the close of trading of ASX on 17 June 2005 (the Effective Date)Your Shares will be sold by Murchison on your behalf. Your shares will not, however, be sold if your holding becomes a marketableparcel (i.e. $500 or more) before agreement is entered into by the Company forthe sale of your shares, or if you give the Company notice by not later than 10August 2005 that you elect to retain Your Shares. Where the Company does sell Your Shares, it will offer them for sale on ASX atthe prevailing price immediately after 10 August 2005, together with the sharesheld by all other persons holding less than a marketable parcel of Murchisonshares and who have not given the Company notice that they wish to retain theirshareholding. All costs associated with the sale of Your Shares will be borne by the Company,and the money received from the sale will be paid to you within 14 days of theCompany receiving the proceeds of the sale. Please note that this notice to sell will lapse should a takeover offer be madefor the shares in Murchison, before agreement is entered into by Murchison forthe sale of Your Shares. If you wish to retain Your Shares, please complete and sign the attachedretention notice and fax or return the notice to our share registry,Computershare Investor Services Pty Ltd, Level 2, 45 St Georges Terrace, Perth, Western Australia 6000, facsimile number(08) 9323 2033, by no later than 10 August 2005. If you have any questions regarding this letter, please contact the shareregistry on 1300 557 010 or the Company Secretary on +61 8 9381 4711. Yours sincerely Joe SchiaviCompany SecretaryMurchison United NL This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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