Valence Industries Sale of Foreign Holdings
![Valence Industries Sale of Foreign Holdings](https://www.minenportal.de/media/goldseiten-news.jpg)
The shares of holders not registered in Australia or New Zealand were held by a custodian as required under the demerger scheme booklet and as advised via ASX announcement by SER on 9 December 2011.
A total of 1,553,931 shares were sold during March 2014 to complete the process and net proceeds will be paid to the foreign holders in the coming week. The shares were sold for an average price of 35.7 cents per share, before costs.
The average number of shares traded per day during the sale process, including the foreign shares sold, was 884,350 shares per day and the foreign shares sold accounted for 12.6% of the average daily sales volume.
About Valence Industries:
Valence Industries plans to restart operations at the world-class Uley Graphite Project on the Eyre Peninsula in South Australia.
Contact:
Jaroslaw (Jarek) Kopias, CFO & Company Secretary
Valence Industries
info@valenceindustries.com
TEL: +61-8-8418-8564