Frankly,I am finding it heavy going working out returns on HDRWMA in event of takeover offer.So I just put through a call to Macquaries who advised that in the event of a takeover offer at say,$1.10 a return of 17(or was it 17.5?) cents would be made to holders for each warrant.Sounds to simple when considered alongside all the rigmarole in the offering circular.
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