PGC 1.15% 44.0¢ paragon care limited

Ann: Appendix 4D and Half Year Report, page-24

  1. 450 Posts.
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    Perhaps this is similar to the recent Sigma/Chemist Warehouse tie up (which may have incentivised PGC and CH2 to a merger). It provides CH2 a quick and easy backdoor ASX listing opportunity without going through the onerous independant listing requirements.
    As with SIG, PGC holders need to keep an eye on any dilution aspects that may arise in the merger.
    At this time I'm positive about our prospects.
 
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