So, Can You Even Believe It? Unitholders Gave the Thumbs Up! 🤯
Alright, let’s dive in. So, unitholders – yeah, those folks with stakes in Paragon REIT – they’re like, totally down for this whole Trust Scheme of Arrangement thing, you know? They had this big ol’ EGM and Scheme Meeting on April 22 where they were all, "Yup, let’s do this!"
And do you wanna know how many said "aye"? A whopping 98.77% gave a nod. Seriously, that’s like almost everyone in the room (or, ya know, on their Zoom or whatever). Either in person or by proxy, they were vibing with the plan to tweak the Paragon Trust Deed. Eheh, corporate stuff, right? But guess what? It’s kinda a big deal ’cause, without that, ain’t nothing moving forward. 🚀
Now, talking about this Paragon Scheme… It’s like, another round of "Let’s get this show on the road," and apparently, 82.78% were all in for it. And, not gonna lie, even the 97.57% of the cash-weighted votes were like, "Heck yes!" Funny how votes can weigh more, right? But it means big bucks were backing this decision to push forward. Talk about rolling the dice on this, huh?
Cuscaden Peak’s Plot Twist or What’s Coming Next?
Story doesn’t stop here, folks. Flash forward to February 11, 2025 – Yeah, mark that date. Cuscaden Peak and Paragon REIT’s manager were spilling the beans on this idea to take Paragon REIT private. Like, who’s doing announcements on a regular Tuesday? Apparently, these people. Lol.
We’re talking delisting curveballs and privatization plot twists! Cuscaden Peak + Paragon’s manager = some serious chess game moves. What’s their next play? Keep your notifications on; you won’t wanna miss the next chapter! 📐
And there’s this whole buzz about what’s gonna happen next. Who’s gonna get in on it? Will it be seamless, or we in for some hiccups? Questions everywhere. 🤔
So, yeah, there you have it – the wild, wonderful world of trusts, votes, and a bit of corporate riddles turning into reality, ’cause why not mix some chaos with your coffee break, right?
