On 7 February 2013, SCA Property Group announced the implementation of the SCP Small Unitholding Sale Facility which provides eligible unitholders a convenient way to sell their SCP units without brokerage costs and is designed to reduce SCP’s on-going administrative costs of managing those unitholdings.
SCP unitholders who held 318 or less SCP units (which represents a market value of less than $500) on 24 January 2013 were eligible for the sale facility.
Eligible unitholders who took no action prior to 21 March 2013 participated in the sale facility. The volume weighted average price of SCP units sold by the broker was $1.6347 per unit.
Sale proceeds will be sent to participating unitholders on or about 15 May 2013 by direct credit or by cheque in accordance with the payment instructions held on the register.
Eligible unitholders retained their SCP units if they:
- purchased additional SCP units on ASX prior to market close on 18 March 2013 or combined unitholdings to increase their unitholding above 318 SCP units, or
- returned the personalised Unit Retention Form so it was received before 5.00pm (Sydney time) on 21 March 2013 (the Closing Date).
The links below provide further information. Unitholders with further queries should contact the SCP Small Unitholding Sale Facility information line on 1300 318 976 (tollfree within Australia) or +61 3 9415 4881 (outside Australia).