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Saferoads Holdings Limited (ASX:SRH)

ALERT: Price-sensitive ASX Announcement for SRH
Current share price for SRH : $0.097 0.001 (1.04%)+
Announcement
Release
16 Mar 2026 10:04AM
Price at Release
$0.096
Full Release
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Summary
Saferoads Holdings Limited has announced a minimum holding buy-back of unmarketable parcels of shares. Shareholders with holdings worth less than A$500, identified as unmarketable parcels, are eligible to have their shares bought back by the company at A$0.10 per share. This initiative aims to help shareholders dispose of small holdings without incurring any costs, while reducing Saferoads' administrative expenses. Eligible shareholders may opt out of this facility by completing and returning a retention form by April 30, 2026. The buy-back is structured under the Corporations Act and does not require shareholder approval. Funds from the buy-back will be transferred to shareholders' registered bank accounts post-transaction.
Key Points
  • Saferoads Holdings initiates buy-back for unmarketable parcels.
  • Eligible shareholders have less than A$500 worth of shares.
  • Shares to be bought back at A$0.10 each.
  • No brokerage or handling fees for shareholders.
  • Closing date for opting out is April 30, 2026.
  • Shares not opted out will be acquired by Saferoads post-deadline.
  • Funds disbursed to shareholders' registered accounts.
  • Procedure aims to reduce administrative costs.
  • Announcement authorized by Saferoads' Board of Directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.