Ann: Response to ASX Query, page-8

ASX quote -
“As I indicated to you on Wednesday, ASX has become aware of a preliminary information memorandum dated 13 December 2017 and a final bond pricing supplement dated 23 January 2018 (signed by Paul Duckett on 21 December 2017 stating that the Issuer, PDF, accepts responsibility for the information contained in this pricing supplement) and transaction data


indicating that (#1)


$150,000,0000 of fixed rate floating notes


were created and settled (#1)


on 5 January 2018, maturing 31 December 2023 with a coupon of 8% per annum payable on 7 July and 7 January each year commencing on 7 July 2018 up to, and including the maturity (the “Securities”). The Securities are irrevocably and unconditionally guaranteed on a joint and several basis by Pacific Dairies Limited; AYB Properties Pty Ltd and Pacific Dairies Fiji Limited (together the “Initial Guarantors.”)”


My take on it is that there is a problems with the wording, maybe director’s speak?


(#1) It appears that Duckett has “implied” ((or as quoted above “indicated that”)) that $150,000,000 or if it is a typo $15,000,000 has been issued and settled. And they eant clarification?


My interpretation is the ASX is clamping down on director’s speak and or spin.


Hope the above makes sense?