EXS 0.00% 26.0¢ exco resources limited

@uawknIt depends on whether you accepted directly into the Offer...

  1. 3 Posts.
    @uawkn

    It depends on whether you accepted directly into the Offer (at 19c) or into the Facility (at 26.5c).

    In the former case, the Replacement Bidder's Statement states you will receive your 19c/share payment within 7 days (probably from the day they receive your acceptance, not the day you posted it). If SOL then achieves 90% acceptances they will pay you the difference between 19c and 26.5c within 7 days of that condition being satisfied.

    If you accept only into the Facility, the Replacement Bidder's Statement is not 100% clear on when you get paid, only the conditions under which you will get paid. In my reading of that document it seems that you would be paid 26.5c/share 7 days after the 90% condition has been met, as that is the time period whereby those who accepted into the 19c offer would be paid their additional 7.5c/share. This is all assuming you have provided SOL with all the documents required on the Acceptance Form (see page 26 of the Replacement Bidder's Statement for details).

    I hope this helps you, but in the future I suggest you read the relevant documents more carefully, especially the parts relating to when you get paid!
 
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