Elders holders need to act now on buy-back

14 August 2015

 

Elders announced an on-market buyback for it ASX-listed subordinated notes (ASX code: ELDPA) issued at $100 in 2006. Elders chief Mark Allison said the offer "provides an opportunity for holders who wish to sell to do so on a first-come, first-served basis." Elders would have preferred to acquire the hybrids through an off-market offer but was prohibited from doing so under the Corporations Act. The distributions on the unsecured notes...

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