SLM advises Spicers Limited (ASX: SRS) on a Scheme Implementation Agreement to Simplify Capital Structure

SLM Corporate is pleased to announce that it is acting as corporate adviser to Spicers Limited in relation to a Scheme Implementation Agreement with the Responsible Entity of the PaperlinX SPS Trust.

This transaction, which would be effected by an inter-conditional ordinary resolution of Spicers shareholders and a scheme of arrangement proposed by the Responsible Entity, will align the interests of the Company’s ordinary shareholders and SPS unitholders and will resolve several operational and capital constraints that the current capital structure places on the Company.  If the Trust Scheme is implemented, Spicers will acquire all the SPS Units in the SPS Trust that it does not already own and as consideration, Spicers will issue 545 ordinary shares in Spicers for every 1 SPS Unit transferred to it.

For further information, please contact:

Barry Lewin
Managing Director
SLM Corporate Pty Ltd
+61 3 9244 9644 (office)
+61 419302493 (mob)

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