Hi Tropic,If you read the full F604 announcement which includes...

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