Because the scheme of arrangement is not approved by all shareholders yet then its only a theoretical date at this stage. The major holders of base have said they approve as have management. So it will be approved by base. I am unsure if UUUU must approve it too.
The tentative date is August 2024.
its 6.5c per share unfranked.
so i see it as a distribution of the cash left in BSE and then you get .026 UUUU shares for every BSE share you own.
currently UUUU is $5.35 usd so 13.91cusd @ 65c usd per aud thats 21.4c aud per base share. Plus 6.5c divvy total 27.9c less tax on the dividend
Because the scheme of arrangement is not approved by all...
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