Hi Tropic,
If you read the full F604 announcement which includes a MOU the sale of the TRU shares to STO is conditional upon the Scheme being passed at the meeting
So at this stage ownership has not been transferred but a MOU has been agreed to do so
The important point is that STO has agreed to pay TRU $0.90/share cash whereas we are subject to the vagaries of the STO sp
If the Scheme is not approved by shareholders then STO will stay at 20.97% or whatever it is
There is NO Guarantee that ESG holders get 90cps as we are linked to the STO sp by the ratio 0.06803 STO for 1 ESG
If another bidder was seen likely by the Market then the ESG sp on market would now be trading above that calculated by the Ratio above
Cheers
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