"Following the finalisation of these costs and expected...

"Following the finalisation of these costs and expected completion of the online contact lenses business sale on 1 July 2019, the company now anticipates the fully franked special dividend, as proposed in the EGM Notice of Meeting, to be 2.9c per share."

REF has $4.3m of Franking credits up it's sleeve so the increased div still leaves a shell with a Brieley linked company holding barely less than 20%, and a host of other substantial holders.

Be interesting to see if any of the buyers queued up are prepared to increase their bids.

EGM 14/6/19. Anyone in Brisbane able to attend?