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The initial investment in the Trust was through an instalment receipt structure comprising listed instalment receipts (50c paid) with the obligation to pay the balance (50c) on 1 November 2011.
At a meeting held on 10 September 2009 unitholders voted in favour of changes to the structure. Trading of instalment receipts (ASX code WOTCA) ceased on 11 September 2009 and trading in fully paid units (ASX code WOT) commenced on 14 September 2009.
The term of the instalment receipts was extended from 1 November 2011 to 1 November 2013 with the amount of the instalment debt payable on 1 November 2011 reduced to $0.25 per instalment receipt with the remaining $0.25 payable on 1 November 2013.
Investors holding instalment receipts have the following options available to them:
- Continue to hold instalment receipts; or
- Sell all or part of their investment through brokers who will sell the underlying units; or
- Convert part of all of their instalment receipt holding to fully paid units, through early repayment of the instalment debt. Click here for more information.
For more information regarding the restructure of the instalment receipts and the options available to you, click here.
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