Calima Energy (ASX:CE1) has introduced a share sale facility for shareholders holding a number of shares below a marketable parcel value of less than $500, to prevent excessive administrative costs.

As of July 21, 2023, this applies to shareholders holding 5,555 ordinary shares or less.

To participate in this facility, eligible shareholders do not need to take any action.

Shareholders who intend to retain their shares must fill out and submit a retention form to Computershare, the company's share registry, on or before September 8, 2023.