Ann: Recommendation of Revised WestSide Bid, page-5

Here it is:

Highlights  WestSide Corporation has increased its cash offer to $0.20 per share (the Revised WestSide Offer).  If the Revised WestSide Offer becomes unconditional, Armour will declare a dividend in specie of 6.9755 shares in Lakes Oil NL for each Armour share held on the business day prior to the Revised WestSide Offer becoming unconditional (subject to an ASX waiver), providing additional value of 1.4 cents per Armour share.  Armour Directors unanimously recommend that Armour shareholders accept the Revised WestSide Offer which provides a compelling premium and certain cash value, in the absence of a superior proposal. For this reason, Armour Directors also unanimously recommend that Armour Shareholders vote AGAINST each item of business at the general meeting scheduled for 30 October 2015 (“EGM”).

Why the dividend in specie of 6.9755 Lakes Oil share???