Ann: Prospect sells interest in Arcadia for US$378M, page-415

So from what I'm reading here, regardless of whether it's a good deal, fair, or not, this is pretty much a done deal.

Most seem to think the proceeds after PSC has taken approx 30M out, will then attract company tax and the remainder with be distributed to shareholders as a dividend which then attracts personal income tax.

But no one knows for sure because the company hasn't yet worked out how to make the distribution in the most tax effective way.

Is that about right?

Let's hope the company clarifies the situation very soon. Very clumsily handled indeed, but as some have suggested, the company may have had no choice.

Keen to hear anyone's thoughts on how this will pan out per share after taxes etc.