No, Centro is not aware of any information concerning the Group that it has not announced which, if known, could be an explanation for recent trading in its securities.
As Centro has previously announced including in its announcement on 1 March 2011 and its response to a price query on 25 March 2011, it has entered into a Heads of Agreement with its Senior Lender Group to effect a restructure of Centro?s headstock debt facilities. This proposed restructure would, if implemented in full, have the effect of cancelling all of Centro?s senior debt in consideration for substantially all Centro?s Australian assets being transferred to the Senior Lender Group. The Senior Lender Group has agreed that, subject to conditions (including all relevant approvals and conditions being met), $100 million will be made available for ordinary securityholders and other stakeholders who are junior to the senior lenders. A number of risks and uncertainties regarding these restructure initiatives were also highlighted in the 1 March 2011 announcement.
CNP Price at posting:
6.6¢ Sentiment: None Disclosure: Not Held