I believe the Additional Return Amount (ARA) would have been factored into the calculation by the bidders based on the price of $4.60 (or more if that is forthcoming). The ARA is expected to be payable whether at early redemption or at maturity (hence the mention of the ARA being frozen at $4.50 as at 28 Feb 2025).
So I don’t think this changes much, other than an increase interest in the short term prior to potential acquisition. Conversely, it locks in the ARA at $4.50, so no further liability if say the takeover price is $5, which would save $0.50 worth of ARA later on, which offsets any short term increase in interest.
I believe the Additional Return Amount (ARA) would have been...
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Last
$3.42 |
Change
-0.100(2.84%) |
Mkt cap ! $2.310B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.41 | $1.234M | 358.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13937 | $3.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 6946 | 8 |
View Market Depth
| Last trade - 11.25am 16/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |