“ "If the company goes into administration, [workers] want the support of their government to ensure the doors stay open."
"They're not highly paid people — they're struggling with the cost of living as everyone else is and they can't afford to take a pay cut." Shares in Star Entertainment have
been suspended from trading on the stock exchange after it failed to lodge its financial results.
Personalise the news and Eligible shareholders who wished to retain their Unmarketable
Parcel were required to return a Share Retention Form to the share registry by the Closing
Date. The Small Holding Sale Facility was conducted in accordance
with The Star Entertainment Group’s Constitution and the Australian Securities Exchange
Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).
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As part of the Demerger, Tabcorp sought a ruling from the
Australian Taxation Office on the taxation implications for shareholders.
Eligible shareholders who wished to sell their shares under the Voluntary
Share Sale Facility were required to return a Sale
Instruction Form by the Closing Date. Based on a share price of $5.68, being the closing price of
The Star Entertainment Group (SGR) shares on the
Australian Securities Exchange on the Record Date, an Unmarketable Parcel was
any holding of 88 shares or less. Payment of the sale proceeds were
made to participating shareholders on 27 May 2016 in accordance
with their payment instructions as recorded on the share register.
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