SRS spicers limited
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News: SRS Spicers in discussion regarding capital restructure

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    11/10/16
    10:04
    Post #: 19764137

    Oct 11 (Reuters) - Spicers Ltd (SRS) :

    • In discussions with Trust Company (Re Services) regarding proposed transaction to simplify co's capital structure, and has tabled a proposal
    • If implemented, transaction would see Spicers acquiring remaining Paperlinx Step-Up Preference Securities
    • Discussions with RE are ongoing
    • To acquire SPS units by issuing 545 Spicers ordinary shares in exchange for each SPS unit held by eligible SPS unitholders
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