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.