'Under the Scheme Implementation Agreement, it is proposed that BidCo will acquire 100% of the fully diluted Pioneer shares outstanding for consideration representing a total value of $1.82 per Pioneer share (the Total Cash Consideration) by way of scheme of arrangement (the Scheme).2 Pioneer currently intends to pay a fully franked special dividend of up to $0.24 per Pioneer share prior to implementation of the Scheme, if the Scheme is approved by Pioneer shareholders and the Court (the Special Dividend)'
$1.82 for shares paid by Bidco, PNC pays $0.24 div prior to scheme.
Ann: Pioneer signs Scheme Implementation Agreement with Carlyle, page-6
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