Iris Cairns Property Makes Unconditional $4.67 Per Unit Takeover Offer for Reef Casino Trust
Iris Cairns Property offered $4.67 per unit to acquire all remaining Reef Casino Trust units it doesn't already hold.Summary
Iris Cairns Property Pty Ltd, acting as trustee for the Iris Cairns Property Trust, lodged a Bidder's Statement with ASIC on 24 September 2026, proposing an unconditional offer of $4.67 per unit for all Reef Casino Trust (ASX:RCT) units not already owned or controlled by Iris. Iris currently holds an 85.77% stake in RCT. The Independent Board Committee of Reef Corporate Services Limited (RCSL) will review the Bidder's Statement and issue a Target's Statement accompanied by an independent expert's report. Unitholders have been advised to take no immediate action regarding the Bidder's Statement until further notice. The company will continue to update the market on significant developments in line with its continuous disclosure obligations, as announced on 25 September 2026.
(Source：Kalkine Media)