robo
It's not 16%
It'll be 19.9% once all the cnotes are issued, and effectively give SLR a blocking stake in a shell company with some nice tax losses
SLR will find a way to utilise these losses further down the track
First priority is just to get the PRH assets under the SLR umbrella
Cheers
Ann: Appendix 3B - Issue of Convertible Notes , page-11
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