Australia's largest stock trading and investment forum Australia's #1 stock forum

VRL

3.29%

$2.06 village roadshow limited

next step, page-2

First 2 Last

Share
Profile

Follow
h00ts

35,875 Posts.

3285

03/10/18

13:30

Post #: 35977227
Share

Originally posted by Value_Hunter ↑

AAD:

ARDENT LEISURE GROUP ANNOUNCES CORPORATISATION AND RESTRUCTURE PROPOSAL
Ardent Leisure Limited and Ardent Leisure Management Limited in its capacity as responsible entity of the Ardent Leisure Trust (together, Ardent Leisure Group) (ASX: AAD) today announces a proposal for the corporatisation of the Ardent Leisure Group which will involve a new company called Ardent Leisure Group Limited (NewCo) becoming the single head entity of the Ardent Leisure Group in place of the current stapled structure (the Proposal).
This announcement follows the completion of an assessment by Directors of Ardent Leisure Group of the merits of the current stapled structure and whether an alternative structure may provide better strategic alignment with the Australian and US businesses.
Subject to satisfaction of all conditions precedent (see below) the Proposal will be implemented by way of an inter-conditional scheme of arrangement of Ardent Leisure Limited and trust scheme of the Ardent Leisure Trust.
Under the Proposal:

 there will be no change to eligible securityholders* ownership levels;
 eligible securityholders* will hold shares in NewCo (instead of their current stapled securities in Ardent Leisure Limited and the Ardent Leisure Trust); and
 there will be no capital raising or return of capital and eligible securityholders will not be required to pay any cash consideration.
Following implementation of the Proposal, the Ardent Leisure Group also intends to undertake a solvent restructure which will align the group’s structure to its two business divisions, Australian Theme Parks and US Entertainment Centres (the Restructure).

this suggests a "spinning out" of DW from the "US growth" assets .......

this will put a market price on MW et al .......

rgds
V_H

Expand

Almost filled the small gap at $2.56 - Trend looks solid

VRL Price at posting: $2.45 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 3 more messages in this thread...

First 2 Last

Add VRL (ASX) to my watchlist

next step, page-2

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game