At last year's AGM they did not get to this level for any of the carried items. One item was withdrawn before meeting. Not sure if this correlates to how a vote might go but it's not a straightforward delisting as there is a limited buyback and capital raise thrown in. IMO.
For me it's not clear on how this adds value for shareholders outside of the potential to save $350k from a delisting. The capital raise will issue 11.1% of new shares which is a dilution. The cashback for small shareholders may or may not work but likely, based on share price history, that most of these holders have bought at higher share prices so it's asking them to accept a loss. IMO.
- Forums
- ASX - By Stock
- YBR
- Ann: YBR Voluntary Delisting From ASX
Ann: YBR Voluntary Delisting From ASX, page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add YBR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online