Steadfast announces low participation in escrow sale

Steadfast announces low participation in escrow sale facility

Steadfast Group Limited (‘Steadfast’) (ASX: SDF) today announced that the share sale facility for holders of 172.5 million Steadfast shares currently subject to voluntary escrow restrictions (‘Facility’) has now closed.

The final size of the Facility is 1,066,131 shares. These shares will be sold on-market in the ordinary course of trading on ASX over not more than a 10 trading day period commencing today, 1 September 2014.

The escrow restrictions applicable to the 172.5 million escrowed shares ceased to apply on 31 August 2014.

Mr Robert Kelly, Managing Director & CEO, said “We are pleased with the low level of participation in the escrow sale facility which re-affirms our brokers’ commitment to the Steadfast Group and its future success. I thank our shareholders for their continuing support.”

ends

© Scoop Media