Reef Casino Trust Director Wassim Arnout Boosts Stake by 132,417 Units Through Off-Market Takeover Bid
Kalkine Media
Reef Casino Trust director Wassim Arnout indirectly acquired 132,417 units at $4.67 each via an off-market takeover bid by Iris Cairns Property Pty Ltd.Summary
Reef Casino Trust (ASX:RCT) disclosed that director Wassim Arnout indirectly purchased 132,417 fully paid ordinary units between 4 and 10 November 2026. The units were acquired at $4.67 each, totaling $618,387.39, through acceptance of offers under an off-market takeover bid by Iris Cairns Property Pty Ltd, as detailed in the Bidder's Statement dated 24 September 2026. Arnout's indirect holdings increased from 48,199,950 to 48,332,367 units. The interest is held via a chain of entities ultimately controlled by Radayla Pty Ltd, where Arnout is sole shareholder and director. The acquisitions occurred over five trading days, with no units sold during the period.
(Source：Kalkine Media)