wow big drop, page-3

Quotation from their meeting notice. Also just note the RECORD DATE....13th July Hmmmmm
Any comments?

RESOLUTION 1 – APPROVAL OF CAPITAL REDUCTION
Subject to the passing of Resolution 2, to consider and, if thought fit, to pass, with
or without amendment, the following Resolution as an ordinary resolution:
“That, for the purposes of Part 2J.1 of the Corporations Act and for all other
purposes, approval is given for the Company to reduce its issued capital by
approximately $150,000,000 by way of an equal capital reduction, which is to be
effected by the Company making a payment to all holders of Shares registered
at 5pm (WST) on 13th July 2012 (Record Date), of:
(a) an unfranked dividend of $0.4497; and
(b) a return of capital of $0.1195,
for each Share held by them on the Record Date, and otherwise on the terms
and conditions set out in the Explanatory Statement accompanying this Notice