SRS spicers limited
Add to My Watchlist 0.00% ! 7.1¢

News: SRS Perpetual Ltd receives offer from Spicers to acquire all SPS units

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    20/12/16
    10:06
    Post #: 21452570

    Dec 20 (Reuters) - Perpetual Ltd (PPT) :

    • All-scrip offer from Spicers Limited to acquire 100% of the Paperlinx Step-Up Preference Securities (SPS Units) that it does not already own
    • Entered into a scheme implementation agreement with Spicers to simplify Spicers' capital structure
    • If trust scheme is implemented Spicers will acquire all SPS units in SPS trust that it does not already own
    • As consideration spicers will issue 545 ordinary shares in spicers for every 1 SPS unit transferred to it
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS 'Strong succession': WiseTech brings in old face to build new, post-White future
right-arrow Created with Sketch.
NEWS The 10 hot stocks HotCopper users watchlisted in Week 30
right-arrow Created with Sketch.
NEWS Veteran executive to help turn Trigg into leading US-based antimony producer
right-arrow Created with Sketch.
NEWS Exclusive Pre-IPO & Investment Opportunities in Australia & North America
right-arrow Created with Sketch.
NEWS Access the Latest ASX news daily on HotCopper
right-arrow Created with Sketch.
NEWS LISTEN NOW: HotCopperWire, our market watch podcast!
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.