I quote from the Allco HY report:
"On 30 November 2007 the Company provided an undertaking to the Directors of the Trustee of Alleasing and Directors of Alleasing Pty Ltd, each a controlled entity of Re Leasing Pty Limited, to provide sufficient financial assistance to Alleasing Trust and its controlled entities (including Alleasing Pty Ltd) to enable them to continue their operations and fulfill (sic) all their financial obligations until at least 30 September 2009."
As far as I can see that would include the redemption of AHUG in August 2009 as they are guaranteed by the Alleasing Trust. The intent looks clear and unequivocal to me (ALL financial obligations).
Anyone care to offer an opinion?
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