6. Return of Capital to ShareholdersTo consider and, if thought...

6. Return of Capital to ShareholdersTo consider and, if thought fit, to pass the following resolutionas an ordinary resolution:“That, subject to the satisfaction of the following conditions:i. completion of the sale of the Asian Operations of theCompany to Japan Pulp & Paper Co., Ltd pursuant to theShare Sale Agreement dated 26 September 2018;ii. receipt of a favourable Class Ruling from the AustralianTaxation Office;iii. receipt of a waiver of ASX Listing Rule 7.25; andiv. exercise of the Board’s discretionfor the purposes of Part 2J.1 of the Corporations Act 2001(Cth), and for all other purposes, approval is given for theordinary share capital of the Company to be reduced by upto $15 million, to be effected by the Company paying to eachregistered holder of fully-paid ordinary shares in the Companyas at a record date to be announced by the Board an amountof up to 0.729 cents per ordinary share held at that time, onthe terms and conditions set out in the Explanatory Notes tothis Notice of Meeting.”

this looks interesting.

they are going to return   0.726c per share 

thats  a 12.5% return and tax free as it is a capital return