Doesn't look like they are issuing shares, looks like they are...

Doesn't look like they are issuing shares, looks like they are buying back some of the existing employee share scheme shares - at a discount to market.

So these would have been issued to staff already, who must have said "I don't want shares, I want cash" and then they agreed to sell them back to SWF at a discount and take the cash instead?

Must be a positive in there that I can't see, but if staff don't want the shares and are prepared to sell them at a discount to market it doesn't read very well. They could have taken the shares and then sold them for a better price, or even, believe that the share price is going higher and wanted to hang on?