PIH 0.00% $4.90 prime infrastructure group.

I won't be voting in favour of the scheme. They are offering...

  1. 104 Posts.
    I won't be voting in favour of the scheme. They are offering around $4.60 when their freshly calculated net asset backing is $6.35. Even more outrageously, they are offering less than the $5.08 that I effectively paid in the BEPPA holder exchange, and that I contributed in the SPP in late 2009. In this scheme of arrangement, like most others, 50% of those that vote BY NUMBER need to vote in favour, regardless of the number of shares they hold. Thus if enough small holders vote against it, it doesn't matter what the instos vote for.
    This scheme seems very unfair - the price is too low. It will take more than $4.60 to get my shares.
 
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