Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Rhipe (RHP AU): Crayon Sees Silver in Them Thar Clouds

Quiddity Advisors

Event-Driven

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<p>Back on the 1 July, <a href="https://www.smartkarma.com/entities/rhipe-ltd" target="_blank" data-smartkarma-citation="entities:19128:1" rel="noopener">rhipe Ltd (RHP AU)</a>, a provider of cloud-based subscription software-as-a-service licenses,  <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02390415-3A569823?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">announced</a> a non-binding indicative proposal from Norway's Crayon Group Holdings. </p>
<p>Less than a week later, rhipe <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02392336-3A570178?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">entered</a> into a Scheme Implementation Deed.</p>
<p>The Scheme consideration is A$2.50/share, less any permitted special dividend.</p>
<p>rhipe's board said it intended to declare a fully franked special dividend, to be paid before the Scheme's implementation date.</p>
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<p>The Scheme Booklet is now <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02418756-3A575319?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">out</a>. The Scheme Meeting will be held on the 11 October, with an expected implementation date on the 3 November. The special dividend record date is the 18 October. </p>
<p>This looks done.</p>
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Back on the 1 July, rhipe Ltd (RHP AU), a provider of cloud-based subscription software-as-a-service licenses,  announced a non-binding indicative proposal from Norway's Crayon Group Holdings. 
Less than a week later, rhipe entered into a Scheme Implementation Deed.
The Scheme consideration is A$2.50/share, less any permitted special dividend.
rhipe's board said it intended to declare a fully franked special dividend, to be paid before the Scheme's implementation date.


The Scheme Booklet is now out. The Scheme Meeting will be held on the 11 October, with an expected implementation date on the 3 November. The special dividend record date is the 18 October. 
This looks done.







Rhipe (RHP AU): Done Deal As Scheme Booklet Dispatched

Rhipe Ltd

Rhipe (RHP AU): Done Deal As Scheme Booklet Dispatched