VLW - Villa World

[pixel]

ex-div 8c FF today.
There may be some stripping going on, but I'll hold.

 

[ukulele]

and then there was a trading halt.. Any news on the grapevine?

 

[pixel]

The capital is quite likely being raised for the acquisition of the block in Clyde.
Could the dividend have been used to cover some of that? But the taxed profit may have to be distributed. Anyway, I'm happy to hold and can wait what transpires.

 

[ukulele]

Good call there pixel.

 

[pixel]

$2.25 isn't such a big discount; initial market reaction was a bit of a knee-jerk IMO.

I keep holding.

 

[Muschu]

Yes I am holding and haven't had a chance to follow the announcement... Does it mean current holders will have an opportunity to buy more at a reduced price and, if so, is it worth it?

 

[greggles]

Villa World Limited announced today that on Friday 8 March 2019, it received an unsolicited proposal from AVID Property Group Australia Pty Ltd to acquire all of the shares in Villa World by way of scheme of arrangement. The proposal is stated to be an indicative, conditional, incomplete and non-binding expression of interest. The indicative consideration offered by AVID is effectively $2.23 per share.

The Villa World Board has commenced an assessment of AVID's proposal and is currently in the process of appointing advisors.

 

[System]

On October 31st, 2019, Villa World Limited (VLW) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between VLW and its shareholders in connection with the acquisition of all the issued capital in VLW by AVID Property Group Australia Pty Limited.