MYX mayne pharma group limited

Ann: Mayne Pharma enters Scheme Implementation Deed with Cosette, page-117

  1. 335 Posts.
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    Hey Formuso

    Good questions. I don't know the answers, I can say that one of the conditions of the deed is "no prescribed occurrences" and looking into those it does specifically mention dividend payment as a prescribed occurrence, so maybe not.

    There is a possibility that if Mayne has given prior notice of this occurrence to Cosette then this could be waived. I have no idea on the amount of FC available. I must say a $1/share fully franked would be nice but I am not banking on it.

    If this were to happen, they would probably announce it by Wednesday.

    Cheers

 
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