Scheme Timetable:
Monday 12 December 2016
Effective Date – this is the date on which the Scheme comes into effect and is binding on SAI Shareholders. Court order lodged with ASIC and announced on the ASX.
SAI Shares will be suspended from trading at the close of trading on the ASX on the Effective Date. If the Scheme proceeds, this will be the last day that SAI Shares will trade on the ASX.
If you haven't sold on market by COT 12/1216 your $4.75 per share will be sent on
Friday 23 December 2016 (4th Business Day after the Scheme Record Date) Implementation Date
– all Scheme Shareholders will be sent the Scheme Consideration to which they are entitled on this date.
I couldn't find any mention in the document of exactly how the Magic Pudding will be carved up but if it was me, I'd do it by cheque and snail mail. That way the bulk of retail funds disbursements will probably sit in the Trust until around second week of January earning interest for Barings.
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