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  • What happened?

    Between 10 December and 12 December 2007, Publishing and Broadcasting Limited (PBL) undertook a restructure where:

    • PBL was acquired by Crown, and
    • the media group now known as Consolidated Media Holdings (CMH) was demerged from Crown.

    Under the first part of the restructure, as a PBL shareholder you disposed of your PBL shares to Crown and in exchange you elected to receive one of three consideration options:

    Option

    Consideration for each PBL share

     

    cash ($)

    shares (Crown)

    Standard

    3.00

    1

    Maximum cash

    15.06249587

    0.31424128

    Maximum share

    -

    1.17055145


    Under the second part of the restructure, CMH demerged from Crown. As a Crown shareholder, you received one CMH share (representing a capital return of $3.70) for every Crown share you held.

      Last modified: 06 Oct 2009QC 20607