Who is arranging the sale of nib shares in the unmarketable parcel sale facility?
nib will arrange for the sale of nib shares in consultation with its financial adviser. In particular, nib will consult with its financial adviser as to whether the price received for the sale of unmarketable parcels of nib shares would be maximised by a sale to institutional investors, a sale to nib under a minimum holding buy-back or some other alternative. Depending on the sale process selected by nib, nib’s financial adviser may be involved in arranging the sale of nib shares in the unmarketable parcel sale facility.
