Madison Update – 6 March
Commercial in confidence
I hope the week has ended well for you and you are looking forward to your weekend. Our thanks to everyone for attending and participating in the Principals’ briefings, the master classes and PD day sessions. We hope you found each session valuable and informative.
As I mentioned yesterday, the IM is due for distribution to parties who have registered their interest. Bob Neil tells me there are 15 executed NDAs, which is an excellent result given everything that is going on in the industry.
The next stage of the program is outlined below;
| Information Memo Issued | Friday 6th March |
|---|---|
| Submit confirmation of interest | Friday 13th March Only selected parties will be invited to conduct Due Diligence. Selection will be based upon responses received to the information requested under the “Terms of offer” detailed below |
| Closure of Offers | Monday 16th March |
| Invitation to conduct DD | Thursday 19th March Preferred bidder(s) notified of Due Diligence arrangements |
| Final and binding bids due | Friday 3rd April Final binding bids due |
As you can see, timelines are designed to ensure we move quickly, and allow time for interested parties to be prepared for each stage. Due Diligence of an AFSL has many components, so these dates may shift a little. We will keep you informed via our daily update.
Once again, our sincere thanks for the feedback, questions, support and willingness to share your feelings and thoughts throughout this situation. We are grateful for the honesty and candour.
Sending birthday wishes to Paul Beauchamp and David Hunt for today. I hope you enjoy your celebrations.
Wherever you are this weekend, I hope you’re spending time with people who matter most in your life.
Call/text/email your questions to any of the team.
Jaime 0439 079 786
Kerry 0402 145 480
Dave 0466 710 170
Sincerely,
Annick
0409 706 963
Madison Update – 6 March
Commercial in confidence
I hope the week has ended well for you and you are looking forward to your weekend. Our thanks to everyone for attending and participating in the Principals’ briefings, the master classes and PD day sessions. We hope you found each session valuable and informative.
As I mentioned yesterday, the IM is due for distribution to parties who have registered their interest. Bob Neil tells me there are 15 executed NDAs, which is an excellent result given everything that is going on in the industry.
The next stage of the program is outlined below;
| Information Memo Issued | Friday 6th March |
|---|---|
| Submit confirmation of interest | Friday 13th March Only selected parties will be invited to conduct Due Diligence. Selection will be based upon responses received to the information requested under the “Terms of offer” detailed below |
| Closure of Offers | Monday 16th March |
| Invitation to conduct DD | Thursday 19th March Preferred bidder(s) notified of Due Diligence arrangements |
| Final and binding bids due | Friday 3rd April Final binding bids due |
As you can see, timelines are designed to ensure we move quickly, and allow time for interested parties to be prepared for each stage. Due Diligence of an AFSL has many components, so these dates may shift a little. We will keep you informed via our daily update.
Once again, our sincere thanks for the feedback, questions, support and willingness to share your feelings and thoughts throughout this situation. We are grateful for the honesty and candour.
Sending birthday wishes to Paul Beauchamp and David Hunt for today. I hope you enjoy your celebrations.
Wherever you are this weekend, I hope you’re spending time with people who matter most in your life.
Call/text/email your questions to any of the team.
Jaime 0439 079 786
Kerry 0402 145 480
Dave 0466 710 170
Sincerely,
Annick
0409 706 963