88 Energy Launches Small Holding Sale Facility to Streamline Shareholder Management

88 Energy ( (AU:88E) ) just unveiled an announcement.

88 Energy Limited has introduced a Small Holding Sale Facility to assist shareholders with ‘Less than Marketable Parcels’ of shares, defined as holdings valued under A$500. This initiative allows smaller shareholders to sell their shares without incurring brokerage fees, thereby reducing the company’s administrative costs associated with managing numerous small accounts. Approximately 8,329 shareholders, representing 5.64% of all issued shares, are eligible for this facility. The company has appointed Euroz Hartleys Limited as the broker for these sales, with the transaction costs covered by 88 Energy, excluding tax implications for shareholders.

More about 88 Energy

88 Energy Limited is a company operating in the energy sector, primarily focused on oil and gas exploration and development. The company is listed on the Australian Securities Exchange (ASX) under the ticker 88E.

YTD Price Performance: 4.55%

Average Trading Volume: 1,248,380

Technical Sentiment Signal: Sell

Current Market Cap: A$26.62M

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