Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
Unitholders in PaperlinX SPS Trust (the “Trust”) voted in favour of the trust scheme of arrangement (the “Trust Scheme”) giving effect to the acquisition of all of the PaperlinX Step-up Preference Securities in the Trust by Spicers Limited (the “Company”) that it does not already own at a meeting held on Wednesday, 14 June 2017. Shareholders in the Company separately approved the issue of scheme consideration shares to the Trust unitholders at a shareholder meeting held on the same day. The Trust Scheme was approved by order of the New South Wales Supreme Court at the second court hearing held on Tuesday, 20 June 2017.
Under the Trust Scheme, Trust unitholders will receive 545 new shares in the Company in consideration for each unit in the Trust held.
The following timetable applies to the Trust Scheme:
DATE |
EVENT |
Tuesday, 20 June 2017 |
Second court date for approval of the Trust Scheme Effective date – Court order approving the Trust Scheme lodged with ASIC and ASX Securities in the Trust are suspended from trading on ASX at close of trading (ASX Code: PXU) |
Thursday, 22 June 2017 |
Record date for determining entitlement to Scheme Consideration |
Tuesday, 27 June 2017 |
Implementation date for the Trust Scheme – transfer of all SPS Units held by eligible Trust unitholders to the Company and issue of the Scheme Consideration |
Wednesday, 28 June 2017 |
Commencement of trading of new Company shares on a normal settlement basis |
What do I need to do by when?
For full details of the Trust Scheme, refer to the Trust’s recent announcements including the Unitholder Booklet and the Company’s recent announcements including the Prospectus released to the market on 4 May 2017.
Need more information?
Issued by
Kobe Li, Senior Adviser Listings Compliance
Contact information
Kobe Li
+61 (03) 9617 8772
info@asx.com.au