retail trust offer

Hi All,

just received my explanitory memorandum... had a quick read and not really sure what to make of it!

Looks like there shouldn't be any tax implications...

Straight forward swap out of stocks.

I do see a positive in that we are demerging ourselves from the rest of the world and that Aus/NZ is typically much stronger financially over the rest of the world - as seen through GFC times.

A bit unsure as to weather the overall short-term picture will be of any benifit - due to associated demerger cost. However the long term outcome should be ok - as above.

So, condsidering that we need to vote on this shortly, what views do we all have here?