Why did management structure it this way? Wouldn’t it been more beneficial for long term shareholders if they just announced an off-market buyback say @ 80c for up to 15% of shares?
Why announce a distribution to buyback shares @ 85c when they could just buy directly off shareholders without a distribution at a lower price?
Ann: Capital restructure and EGM, page-3
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| Open | High | Low | Value | Volume |
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