In today’s briefing:
- Quiddity Leaderboard ASX Jun 24: Intra-Review Replacement Surprise Possible
- Qantm Intellectual Property – Binding offer of $1.817/share accepted
Quiddity Leaderboard ASX Jun 24: Intra-Review Replacement Surprise Possible
- In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2024 index rebal event.
- We expect one ASX 20 change and two ASX 100 changes during the regular rebalance event.
- For the ASX 200 index, there could be two intra-review changes in the month of June 2024 and one of those names could be a surprise.
Qantm Intellectual Property – Binding offer of $1.817/share accepted
- QANTM Intellectual Property Ltd (ASX:QIP) has announced it has entered into a binding Scheme of Arrangement for an entity associated with Adamantem Capital to acquire all its shares for $1.817/share.
- Shareholders will have the opportunity to elect to receive 100% cash or a combination of 50% cash, 50% scrip, subject to a scrip issuance cap of 24%.
- The QANTM board can elect to pay a special dividend of up to $0.071/share, which will be included in the offer price and enable shareholders who are eligible to benefit from franking credits of up to $0.03/share.
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