JIMMY CROW LIMITED DEMERGER AND PROSPECTUS
As announced 30 June 2017, the Company has proposed to demerge its non-financial business assets through the listing of Jimmy Crow on NSX. These assets are held by Jimmy Crow Limited (Jimmy Crow) and which consiist of Magnums Backpackers and adjacent commercial land, and shares in Australian Dairy Farms Limited.
The demerger will occur through an in-specie capital return of one Jimmy Crow share for every Trustees Australia share held on the record date by shareholders resident in Australia and New Zealand.
The Demerger will create two separate group:
- Trustees Australia, a purely financial services entity listed on ASX with Cashwerkz, Rim Securities, Redgate Asset Management focused on fixed interest products and related services and delivering innovative on-line transaction and reporting capabilities for retail and wholesale investors and their investment advisers; and
- Jimmy Crow, a successful tourism operator and property owner listed on NSX.
With this restructure, each entity will have the capacity to expand within its separate activity streams.
Jimmy Crow Limited has been listed on NSX (CODE: JCC).
In conjunction with listing on NSX, Jimmy Crow will seek to raise between $200,000 and $2,000,000 at an issue price of $0.20 under a public offer. The offer will be made under a prospectus, a link to the document is below:
JIMMY CROW LIMITED PROSPECTUS Read full document