SGL ricegrowers limited

Ann: SunRice Presentation ASX CEO Connect Event, page-7

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. 192 Posts.
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    I'm not aware the company has any intentions to revert to the SGL ticker symbol but I could be wrong. The SGLLV ticker symbol may have something to do with the structure of the company as it relates to B Class shareholders who have restricted rights compared to A Class Shareholders.

    It will be interesting to see how management manages some of the conflicts that may potentially arise down the track particularly as B Class Shareholders will be asked to stump the cash for the future expansion but have limited say in how the company is run.... For example, A Class shareholders have the sole rights to elect Directors and have veto rights for change of control or takeover....

    The company will most likely have a capital raising within 12 months as they require $300 million for expansion. No rush to buy shares, as they are likely to be cheaper in the capital raising (company has stated they will seek funds from existing and new shareholders)
    https://www.youtube.com/watch?v=1Jrb8PpT7lA

    I would like to see the company expand upon the expected returns that are likely to be realised with the capital raised. This has not been communicated to shareholders at all to date....
 
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