From 22/3/16:
*Conducting a full review of the Group’s stapled security structure to assess its appropriateness for
the growth of the Group and for both domestic and international investors.
* “In due course it is expected that, with the growth of the US assets outweighing that of the Australian
businesses, the balance of the Group’s assets and revenues will become more weighted to the US. In these
circumstances, the Board considers it appropriate that the Group also takes active steps to see a gradual
rebalancing of the register through active marketing of the Group to US and other overseas investors.”
So might we see a spin off of Main Event into a US listing? AAD might retain a large percentage??? Might be a big on market buyback with all of the cash, or alternatively an accelerated rollout of Main Event in the US and/or internationally.
Seems their review was thinking big.
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