SGR 3.26% 47.5¢ the star entertainment group limited

Ann: Successful completion of Retail Entitlement Offer, page-7

  1. 530 Posts.
    lightbulb Created with Sketch. 86
    As you are all aware retail holders were diluted in the cap raising. Even if we took up our entire rights issue, we were diluted due to the additional $115m insto offer. Given the capital raise was at a large discount to the SP and NTA I find this very disappointing. I am currently investigating a potential class action against SCG for their blatantly unfair treatment of retail holders in their recent capital raising.

    Maurice Blackburn has advised that we may be able to piggyback a new claim in the existing class action or we could start a new class action with the details of at least 7 shareholders who were holders at the time of the equity raising.

    Who would be interested in the class action?

    PS I have tried calling Star Group on 5 different numbers, around 10 times in total at various times over the last 2 days. The one time I did get through was to a receptionist who put me onto Link Market Services, instead of someone in management! I can only deduce from this that Star Group management don't care about or want to hear from retail holders. As a result a class action is the only way to progress from here.
 
watchlist Created with Sketch. Add SGR (ASX) to my watchlist
(20min delay)
Last
47.5¢
Change
0.015(3.26%)
Mkt cap ! $1.319B
Open High Low Value Volume
47.5¢ 48.0¢ 47.0¢ $389.6K 821.5K

Buyers (Bids)

No. Vol. Price($)
27 235011 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.5¢ 220844 20
View Market Depth
Last trade - 10.27am 31/05/2024 (20 minute delay) ?
Last
46.5¢
  Change
0.015 ( 1.24 %)
Open High Low Volume
48.0¢ 48.0¢ 46.5¢ 305307
Last updated 10.45am 31/05/2024 ?
SGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.