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Ann: Service of Application to Commence Proceedings, page-85

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WarrenPuppet_

15 Posts.

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21/02/18

14:58

Post #: 31225792
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Originally posted by 8horse ↑

SGH shareholders received 18c for every dollar, SGH did raise $890m cash for the deal.
The class action was settled for only $36.5m, the insurers paid $32.5m, SGH paid $4m.

Jul 11, 2017 - Maurice Blackburn is expected to sue Slater and Gordon's advisers to recover the remainder of shareholders' losses after it settled a touted $250 million class action for $36.5 million. Most of the settlement money came from Slater & Gordon's insurers, who tipped in $32.5 million, with the hedge funds that bought Slater's debt contributing $4 million.

18 cents for every dollar

The $36.5 million settlement means shareholders on its face value will get about 18¢ for every dollar they lost in investing in Slater & Gordon.

Read more: http://www.copyright link/business/legal/slater-and-gordon-class-action-to-target-auditors-banks-and-lawyers-20170711-gx8r0h#ixzz57i8Q3Lsq

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Thank you for the link.
$36.5million from $250million and 18c from a dollar doesn't sound much. I was hopping for at least 50%. Guess it's better than nothing...

GSW Price at posting: 55.5¢ Sentiment: None Disclosure: Not Held
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