Yes good question technically: The rules certainly don’t stop a rights issue or other issue of shares. ContraryJ recently posted some useful links/ information relating to Bonds and JARE and some good (and bad: sorry) points (But thank you):
https://hotcopper.com.au/threads/ann-partial-conversion-of-bonds-and-appendix-3b.3984652/page-21?post_id=30681022#.WnLFb7lG3IU
I looked through this and other announcements and I can’t see anything to prevent dividends or buy backs but maybe someone more eagle-eyed knows different.
However, as Ausheads says, the capital can be applied within Lynas to much better use than returning it to shareholders - so as Roberta1 indicates - the question is probably academic at the present time.
Ann: Partial Conversion of Bonds and Appendix 3B, page-27
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