SRS spicers limited
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According to term 4 of Paperlix SPS terms, 'Restrictions in the...

  1. imunro
    180 Posts.
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    27/10/13
    12:29
    Post #: 12491648
    According to term 4 of Paperlix SPS terms, 'Restrictions in the case of non-payment', Paperlinx must not 'redeem, reduce, cancel, buy-back or acquire for any consideration any share capital of Paperlinx'.

    PXUPA are not debt. They are therefore part of the capital structure of the company.

    Consequently, I don't understand how Paperlinx is permitted to make an offer for PXUPA given this restriction.

    PXUPA only.
    SRS Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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