did anyone read the E&Y letter, at the bottom of PDF page 116 of the PDS:
"For an EPS holder at the date of this opinion, the Recapitalisation comprises a dividend distribution , a conversion of their EPS into Securities, the PIT 2 Distribution, the Security Consolidation and an entitlement to acquire Securities through participation in the Security Purchase Plan."
***and an entitlement to acquire Securities through participation in the Security Purchase Plan.***
Does this mean BEPPA holders are entitled to participate in the SPP as well???
Seems like a mistake on behalf of E&Y to me though, as PDF page 35 states that only holders of "Securities" as at 7pm of record date are entitled. Securities are defined as BBI securities. Since EPS conversion date is in November, they are not "Securities" as on record date per se. Interesting.
Also seems like another mistake in the E&Y document is they mention the Security Consolidation at 1:1000, whereas other parts state 1:15000.
Haha. E&Y.. dodgy much? Or just not provided with the correct information by PIE?
Interesting game this was.
Cheers a
BBI Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
