Further, having regard to both market conditions and regulatory feedback regarding the structure ofthe transaction, the separation of Dynamic is now likely to be implemented by way of an initial publicoffering (IPO) of securities in Dynamic, with a pro-rata priority entitlement to existing Jindaleeshareholders, and with any shares not taken up to form a shortfall offer. Jindalee will continue toengage with the Australian Tax Office regarding demerger relief in the event that Jindalee proceedswith an in-specie distribution of it’s stake in Dynamic to Jindalee shareholders
help me understand this, existing holders will now not get a in-specie distribution of it’s stake in Dynamic however be entitled to a pro-rata priority entitlement if we participate the future IPO?
So we don't get free shares in the new co?
Ann: Update on separation of Australian assets, page-3
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