Cellent to reduce number of shareholders
Flash memory and mobile phone accessory distributor, Cellnet (ASX:CLT), has announced plans for a share sale facility to decrease its number of shareholders with small holdings.
The company intends to declare securities with a value of less than $500 to be unmarketable parcels. The move is being made to reduce Cellnet's administrative costs in communicating with its various shareholders.
A letter will be mailed to eligible shareholders by the end of March, Cellnet said. CLT shares stayed flat on Monday at $0.430.
Anittel appoints director, consultant
IT and telecom service provider, Anittel (ASX:AYG), has appointed Michael O'Sullivan as its non-executive director.
O'Sullivan is a former employee at technology services company KAZ Group, where he worked for 10 years.
Ingram Michael sales director John Walters has also been contracted as an Anittel consultant, with an initial brief of reviewing its sales operations. AYG shares stayed flat on Monday at $0.006.
Vocus issues 6.6m new shares
Wholesale telecom services provider, Vocus (ASX:VOC), has announced it has issued around 6.6 million new shares.
Vocus said the shares were sold to investors without prior notice to shareholders, under the provisions of the Corporations Act as modified by relief granted to it by ASIC.
VOC shares rose 2.15 per cent during Monday's trading to $2.380.