Avenira : Completion of Sale of Unmarketable Parcels Of Shares

2 December 2020

COMPLETION OF SALE OF UNMARKETABLE PARCELS OF SHARES

Avenira Limited (ASX:AEV) (Avenira or the Company) advised on 25 September 2020, that it was providing a share sale facility (Facility) for shareholders who hold less than $500 worth of fully paid ordinary Avenira shares (Unmarketable Parcel).

Based on the weighted average sale price of securities sold on the ASX during the 5 consecutive trading days immediately preceding the Record Date of 24 September 2020 of $0.0199, the Directors determined a less than marketable parcel was any shareholding of 25,125 shares or less.

If Shareholders with an Unmarketable Parcel wished to retain their shareholding, they were instructed to return the Share Retention Form by no later than 5.00 pm (WST) on Thursday 12 November 2020.

The Company confirms that following the receipt of Share Retention Forms, the Avenira shares not the subject of those forms and therefore the final number of shares eligible to be sold under the Facility is 13,623,819 shares from a total of 1,588 shareholdings.

The final sale price of shares sold under the Facility was $0.0129 per share and funds will be distributed to shareholders without them having to pay brokerage or other costs, within 10 business days.

The sale proceeds will be paid in Australian Dollars by direct credit to the relevant recipients.

Nonresident holders or those holders who have not provided their direct credit details will be paid in Australian dollars by cheque.

This announcement has been authorised by the Board of Avenira Limited.

FOR FURTHER INFORMATION:

Suite 6, 100 Mill Point Road, South Perth WA 6151
Mr Brett Clark
PO Box 1704 West Perth WA 6874	Chairman and CEO, Avenira Limited
[phone]	Mr Graeme Smith
[e-mail]	CFO and Company Secretary, Avenira Limited