SRS 0.00% 7.1¢ spicers limited

failing to engage, page-4

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    Found the announcement clear as mud. The table on the second page includes a table which states Repayment of Debt and transaction costs of Euro 32m and US$38m respectively for sale of the italian and US assets. It also claims a further repayment of debt of A$23m from the net proceeds of the sale of A$93m. Does not give a figure for total debt reduction. Any idea what that might be. I hope they have not paid extravagant transaction costs for the two sales which they are trying to hide.
 
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