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Reef Casino directors support Iris’s $4.67 cash exit

10:06am on Friday 23rd of October, 2026 AEDT • Real Estate and Hospitality
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Reef Casino directors support Iris’s $4.67 cash exit

10:06am on Friday 23rd of October, 2026 AEDT
Key Points
  • Independent directors recommend accepting the unconditional $4.67-per-unit offer
  • Independent expert values RCT at $3.81 to $4.18 per unit
  • Iris held a 96.33% relevant interest as at 21 October
  • Offer scheduled to close at 7.00pm Sydney time on 9 November
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