@grabeach if it's not explicitly mentioned in the announcement,...

@grabeach
if it's not explicitly mentioned in the announcement, maybe they dont want to mention it at all?

see page 5 of the implementation agreement (bold emphasis mine):
NTA means the pre-tax net tangible asset backing of Century or WAM Leaders (as the context requires) per Century Share or WAM Leaders Share (as the case may be) after excluding all current and deferred tax assets and liabilities and calculated on the basis that an amount pertaining to each of Century’s and WAM Leader’s proportion of the Transaction Costs calculated in accordance with Clause 12.1(a) remains unpaid as at the Calculation Date is treated as a liability of Century or WAM Leaders (as applicable), calculated in accordance with the Corporations Act, Australian Accounting Standards (including the Australian Accounting Interpretations), the Corporations Regulations and consistent with the requirements of the Listing Rules for an Investment Entity, rounded to the nearest one hundredth of a cent.

another thing i found interesting is that costs associated with the merger are shared equally where of course one party is nearly 9 times bigger, hardly fair for CYA holders.