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On -Market SHARE BUYBACK & PSC will never again trade below $1, page-7

  1. 2,553 Posts.
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    I feel it would be more equitable to structure this as a capital return. It's a sale of assets, so I can't see why the ASX wouldn't rule in this way.

    Then if they are worried about the number of shares on issue, they could do a 10:1 consolidation at the same time.

    Same effect as what you suggest, only this way everyone gets the same payout, instead of it being a case of first in best dressed on the market.
 
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