hotlegsre Pelorus/Centro issue.Pelorus has made an unsolicitored...

hotlegs
re Pelorus/Centro issue.
Pelorus has made an unsolicitored offer to all Centro MCS syndicate holders (of syndicates 2,5,8,10,11,12,14,16,17,18,19 &20.)

Offer based around an MCS syndicates unit swap for Pelorus Prop Trust units.(no cash).

Centro (CNP) are the RE for these syndicates which is a lucrative money earner so naturally fighting hard to retain RE rights,including reporting issue to ASIC.

Issue is not connected (except by CNP viability) to CER.

Details can be seen on Cenro's "MCS syndicate" site.
Cheers