On reflection, given(as I said in an earlier post) the original option exercise price
is coincidental with the capital return price it does now make some sense.
It also seems that because of ASX rule 7.22.3 that the option holders can
disregard the "record date" as long as they exercise before the expiry date
in Jan. 2016.
Seems you were right Bolics -good research of the rules.
KRB Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held