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Iris Unveils $3.87 Cash Bid for Reef Casino Trust Backed by Board and Major Holders
11:21am on Friday 12th of September, 2025 AEST
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Real Estate & Hospitality
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Iris Unveils $3.87 Cash Bid for Reef Casino Trust Backed by Board and Major Holders
11:21am on Friday 12th of September, 2025 AEST
Key Points
Offer price of $3.87 cash per unit represents over 40% premium to pre-offer trading prices
Unanimous recommendation from Reef Casino Trust’s independent board committee
Major unitholders holding over 71% of units intend to accept the offer
Offer subject to regulatory approvals including Queensland gaming and liquor licenses
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Reef Casino Trust (ASX:RCT)
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