Reef Casino Trust Director Wassim Arnout Boosts Stake by 2.23 Million Units via Off-Market Takeover Bid
Wassim Arnout increased his indirect stake in Reef Casino Trust by 2,225,284 units through an off-market takeover bid.Summary
Reef Casino Trust (ASX:RCT) announced that director Wassim Arnout acquired 2,225,284 fully paid ordinary units on 13 October 2026 at a total consideration of $10,392,076.28. The acquisition was made indirectly through Iris Cairns Property Pty Ltd as trustee for the Iris Cairns Property Trust, which is controlled by Arnout. The units were acquired by accepting offers under an off-market takeover bid by Iris for all RCT units not already owned or controlled by it, as detailed in the Bidder's Statement dated 24 September 2026. Following the transaction, Arnout's indirect relevant interest increased from 45,683,310 to 47,908,594 fully paid ordinary units. The filing confirms no changes in contractual interests and no trading during a closed period.
(Source：Kalkine Media)