Past ASX Release

23 November 2006

SHARE PURCHASE PLAN AND SALE OF UNMARKETABLE PARCELS - DESPATCH OF DOCUMENTS

Further to the announcement dated 15 November 2006 by Advanced Engine Components Limited ("ACE" or "the Company"), ACE attaches a copy of the following documents to be sent to relevant ACE shareholders today:

Share Purchase Plan

  • A letter and Share Application Form to participate in a Share Purchase Plan to all ACE shareholders registered, in Australia, as at 20 November 2006.

  • The Company is offering all eligible shareholders the opportunity to subscribe for 17,000 ACE shares at $2,040 under the Share Purchase Plan.

  • Eligible shareholders should note the Closing Date for receipt of all Application Forms and application monies is 5pm WST on 15 December 2006.

Sale of Unmarketable Parcels

  • A letter and Share Retention Form to all ACE shareholders holding less than a "Marketable Parcel" of shares (less than $500) in the Company as at 20 November 2006.

  • State One Stockbroking Ltd has been appointed to sell all relevant unmarketable parcels.

  • Relevant shareholders should note the Expiry Date for receipt of Share Retention Forms is 5pm WST on 11 January 2007.

 

For further information please contact:
Tony Middleton (Managing Director) on (08) 9209 6900; or
Email: shares@advancedengine.com; or
visit the ACE website www.advancedengine.com

 

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