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BRIEF-Perpetual Ltd receives offer from Spicers to acquire all SPS units

Published 20/12/2016, 10:05 am
© Reuters.  BRIEF-Perpetual Ltd receives offer from Spicers to acquire all SPS units
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Dec 20 (Reuters) - Perpetual Ltd PPT.AX :

* All-scrip offer from Spicers Limited to acquire 100% of the Paperlinx Step-Up Preference Securities (SPS Units) that it does not already own

* Entered into a scheme implementation agreement with Spicers to simplify Spicers' capital structure

* If trust scheme is implemented Spicers will acquire all SPS units in SPS trust that it does not already own

* As consideration spicers will issue 545 ordinary shares in spicers for every 1 SPS unit transferred to it Source text for Eikon: Further company coverage: SRS.AX

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