VRL verity resources limited

Hi everyone, excuse my naivety as a new investor, but as a...

  1. 3 Posts.
    Hi everyone, excuse my naivety as a new investor, but as a company whose services I frequently use I bought VRL shares 6 or so weeks back with a long term view that I thought the company would find its feet again post COVID-19 - now this announcement comes out. From what I read in the announcement as a VRL shareholder, if the parks and cinemas aren't open I'd receive either cash at the base rate of $2.10 a share (compared to today's SP of $2.13) or shares in the unlisted BidCo, or a mix of both. Being new to all this tbh I don't know what the impact is of receiving shares in an unlisted company - can anyone provide any commentary for me on what this means (understanding it's not financial advice) in case this goes through?
 
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(20min delay)
Last
2.1¢
Change
-0.002(8.70%)
Mkt cap ! $6.426M
Open High Low Value Volume
2.1¢ 2.3¢ 2.1¢ $18.14K 821.5K

Buyers (Bids)

No. Vol. Price($)
1 45454 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 294519 2
View Market Depth
Last trade - 11.02am 26/06/2025 (20 minute delay) ?
VRL (ASX) Chart
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