Oct 11 (Reuters) - Spicers Ltd SRS.AX :
* In discussions with Trust Company (Re Services) regarding proposed transaction to simplify co's capital structure, and has tabled a proposal
* If implemented, transaction would see Spicers acquiring remaining Paperlinx Step-Up Preference Securities
* Discussions with RE are ongoing
* To acquire SPS units by issuing 545 Spicers ordinary shares in exchange for each SPS unit held by eligible SPS unitholders Source text for Eikon: ID:nASX8rFKxC Further company coverage: SRS.AX