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UCL 30.0¢

same old story ...

  1. rotuma

    461 Posts.

    Wadda fvcken joke ... issue after issue of cheap shares to corporate buddies over the years, continuous share dilution, a 1 for 10 share consolidation, then (you guessed it) ... another share issue!!!

    Shareholder Share Purchase Plan
    24-02 2008

    The Directors of Union Capital Limited ("Union") are pleased to
    announce that they propose to invite shareholders to subscribe for up
    to $2,000 worth of shares in Union under the terms of a Shareholder
    Share Purchase Plan ("the plan").

    Details are:

    1. The share registry record date to determine those shareholders to
    receive this offer is at close of trading Friday 28th February 2003.

    2. The issue price of the shares will be three [3] cents per share.

    3. This offer can only be made under permissible legal jurisdictions
    to shareholders with registered addresses in Australia and New

    4. Because Union has approximately 4,000 eligible shareholders to
    this Plan, it is possible that acceptances in total may exceed the
    companies ability to issue new shares under ASX Listing Rule 7.1
    (issues exceeding 15% of capital) and accordingly a General Meeting
    of the Company is to be held as soon as practicable to ensure that
    applications can be accepted.

    5. Union optionholders who wish to participate in the Plan may
    exercise all or any of their holdings up to the closing date of
    trading Friday 28th February 2003.

    M Ilett

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