CRF centro retail australia

Quite frankly if this issue alone gets resolved, I’ll be...

  1. 5,874 Posts.
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    Quite frankly if this issue alone gets resolved, I’ll be happy

    All of you should email Centro with your concerns of the payout method to CATS holders

    It is disgraceful and should be reviewed before settlement

    Quite clearly, the issue of shares is not in our best interests and it has a material effect on our NTA. We’re talking around 8c NTA, not 1c

    Centro mentioned in their settlement ann that they had the option of cash vs shares. This was also highlighted in supplementary disclosures prior to recapitalisation.

    CATS holders will have no right of recourse as an $85M cash payment will fully compensate their claim

    Even a $120M cash payment still works out to be a more favourable NTA outcome for CRF holders!

    Let them know how you feel

    The result is not in our best interests

    Cheers
 
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