There is nothing new the news is and was expected (although gobbledegookish) It is a plus for shareholders (just glanced over it so far, have toothache) AFAIK Shareholders accepting the share buyback will secure a substantial capital premium on the prevailing share price, with cumulative redeemable preference shares being issued on a 1 for 1 basis, with a redemption price of 20 cents. In addition, the redeemable preference shares will pay an attractive yield of 10.5 percent per annum. (But do you own research I'm in pain)
