Iris Cairns Property Boosts Stake in Reef Casino Trust to 91.73% at $4.67 Per Unit
Kalkine Media
Iris Cairns Property increased its stake in Reef Casino Trust to 91.73% at $4.67 per unit via an off-market takeover bid.Summary
Iris Cairns Property Pty Ltd, as trustee for the Iris Cairns Property Trust, has increased its relevant interest in Reef Casino Trust (ASX: RCT) to 91.73% as of 9 October 2026, up from 85.77% previously reported on 24 September 2026. This follows acceptances of its off-market takeover bid at $4.67 cash per unit. The holding now comprises 45,683,310 RCT units, with 2,971,080 units (5.640%) accepted but pending transfer. The bid, under Chapter 6 of the Corporations Act, offers $4.67 per unit for all remaining units. The substantial holder notice was filed by Gilbert + Tobin on 12 October 2026, signed by Director Wassim Arnaout.
(Source：Kalkine Media)