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18:07
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Originally posted by Didio
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Does anyone appreciate under a scheme shareholders can be categorised into different classes in a scheme being approved. There is a possibility long term holders could be a class and may get a greater return than those who bought say a year ago and even those buying now who could be another class with law of diminishing returns. If approved the bank the scheme will likely provide £x is paid. £x will likely be the additional funding SGH require. Say they need a buffer of 35m. That will be 10c. That could be 10c to LT's and nothing to anyone else or it could be a ration of say 70:20:10 to the 3 classes mentioned above. Anyone any view on what funds SGH may require that will at least provide an idea of the total pot available for distribution to S/H. If the banks take 90% equity they can acquire the remaining 10% on compulsory basis. S/H will vote to approve or not the scheme in different classes. Not saying that will be but possible. The banks can target specific classes. ASIC and the court will approve arrangement they consider is fair to shareholders.
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I did realize that was possible, but curious.
