From WLE announcement,
- Release Date: 14/06/22 09:29
It is proposed that WAM Leaders will acquire 100% of the shares in AEG through a Scheme of
Arrangement (Scheme). Under the Scheme, AEG shareholders will receive new WAM Leaders shares
(Scrip Consideration) as consideration for their AEG shares. The number of WAM Leaders shares to be
offered for each AEG share will be determined by a formula based on the ratio of the net tangible assets
(NTA) of WAM Leaders before tax (pre-tax NTA) to the pre-tax NTA of AEG. Using the latest available
pre-tax NTA of WAM Leaders (dated 30 April 2022) and the latest available pre-tax NTA of AEG (dated 31
May 2022), as an example1
, AEG shareholders would receive 0.622 new WAM Leaders shares for each AEG
share they hold under the Proposed Transaction, with an indicative market value of $0.92 per AEG share,
representing a 10.6% uplift over the closing share price of AEG on 10 June 2022.
It is the current intention of the WAM Leaders Board to ensure that all AEG shareholders who receive
WAM Leaders shares under the Scheme will be eligible to receive any FY2022 fully franked final dividend
that is paid by WAM Leaders.
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- Ann: WLE:WAM Leaders & Absolute Equity Performance Fund to merge
Ann: WLE:WAM Leaders & Absolute Equity Performance Fund to merge, page-6
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