Australian Oil Company Launches Unmarketable Parcel Sale Facility
Australian Oil Company Launches Unmarketable Parcel Sale Facility
Australian Oil Company Ltd (ASX: AOK) announced the launch of its unmarketable parcel sale facility as of May 27, 2026. This facility allows shareholders with small parcels of shares to sell their holdings.
Sale Price and Details
The sale price for the unmarketable parcel facility is set at A$0.00225 per share. The company reported that 1,235 shareholders hold 59.21 million unmarketable parcel shares, representing 3.13% of total shares on issue.
Importance for Shareholders
This facility provides an opportunity for shareholders looking to dispose of small share parcels. The sale price is determined based on current market conditions, aiming to help shareholders liquidate their holdings.
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