They Are Choosing Scrip in an Unlisted Vehicle.

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.

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Event-Driven

2 November 2015, REA Group ("REA") and iProperty Group ("IPP") announce that they have entered into a Scheme Implementation Deed under which REA will acquire all the &nbsp;shares of IPP by way of a Scheme of Arrangement.&nbsp;IPP Shareholders will be entitled to elect, on a per IPP share basis, either (a) AUD 4.00 in cash or (b) AUD 1.20 in cash and 0.7 shares in an&nbsp;unlisted entity with continuing direct interest in IPP&nbsp;("Mixed Alternative")Key Points to Note:<ul><li>Scheme is conditional upon sufficient valid elections being received for the Mixed Alternative such that the maximum cash consideration payable by REA is&nbsp;equal or less than AUD 500mn.&nbsp;</li></ul>In this insight, we model out the Shareholder Register to examine&nbsp;what is needed for the above condition to be fulfilled...

2 November 2015, REA Group ("REA") and iProperty Group ("IPP") announce that they have entered into a Scheme Implementation Deed under which REA will acquire all the &nbsp;shares of IPP by way of a Scheme of Arrangement.&nbsp;IPP Shareholders will be entitled to elect, on a per IPP share basis, either (a) AUD 4.00 in cash or (b) AUD 1.20 in cash and 0.7 shares in an&nbsp;unlisted entity with continuing direct interest in IPP&nbsp;("Mixed Alternative")Key Points to Note:Scheme is conditional upon sufficient valid elections being received for the Mixed Alternative such that the maximum cash consideration payable by REA is&nbsp;equal or less than AUD 500mn.&nbsp;In this insight, we model out the Shareholder Register to examine&nbsp;what is needed for the above condition to be fulfilled...

Who Would Choose Scrip in an Unlisted Vehicle over Cash?

Iproperty

Who Would Choose Scrip in an Unlisted Vehicle over Cash?