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TMK Energy Limited ( (AU:TMK) ) just unveiled an announcement.
TMK Energy Limited has launched an opt-out sale facility to enable the disposal of all unmarketable share parcels—holdings valued at less than A$500—held by its small shareholders. Around 2,813 out of approximately 4,140 shareholders fall into this category, and the initiative is designed to reduce the company’s administrative costs while giving these investors a low-cost avenue to exit their positions. The sale process will apply to shareholders identified as at 7:00pm AEDT on 18 December 2025, with affected investors given until 4 February 2026 to lodge a notice if they wish to retain their shares, and any sales must be executed at or above the simple average of the last sale prices over the preceding 10 trading days. The move is expected to streamline TMK’s share register and improve cost efficiency, while potentially enhancing liquidity and reducing compliance overheads associated with maintaining a large number of very small holdings.
More about TMK Energy Limited
TMK Energy Limited is an Australian Securities Exchange-listed energy company that issues fully paid ordinary shares to a broad retail shareholder base. The company’s register currently includes a large number of small shareholders whose holdings are valued at less than A$500, making them unmarketable parcels under TMK’s share administration framework.
Average Trading Volume: 218,307
Technical Sentiment Signal: Sell
Current Market Cap: A$21.83M
Learn more about TMK stock on TipRanks’ Stock Analysis page.