Who Would Choose Scrip in an Unlisted Vehicle over Cash?

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

In my previous <a href="https://www.smartkarma.com/insights/who-would-choose-scrip-in-an-unlisted-vehicle-over-cash" target="_blank">note</a>, "Who Would Choose Scrip in an Unlisted Vehicle over Cash?", we highlighted an important clause in the <a href="http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&amp;idsId=01680429" target="_blank">Scheme Implementation Deed</a> which deterred us setting up an arb trade at that point of time. Instead, we suggested to wait for the Scheme Document to be dispatched. <h2>RECAP</h2><ul><li>Deal Consideration (A) AUD 4.00 in cash; or (B) AUD 1.20 in cash + 0.7 Shares in unlisted Australian Company and retain an indirect ongoing interest in IPP until no later than the first half of CY 2018.</li></ul>(A)…

In my previous note, "Who Would Choose Scrip in an Unlisted Vehicle over Cash?", we highlighted an important clause in the Scheme Implementation Deed which deterred us setting up an arb trade at that point of time. Instead, we suggested to wait for the Scheme Document to be dispatched. RECAPDeal Consideration  (A) AUD 4.00 in cash; or (B) AUD 1.20 in cash + 0.7 Shares in unlisted Australian Company and retain an indirect ongoing interest in IPP until no later than the first half of CY 2018.(A)…

They Are Choosing Scrip in an Unlisted Vehicle.

Iproperty

They Are Choosing Scrip in an Unlisted Vehicle.