Buying PXUPA's back via the PXUPA Trust? The company has $285m worth of PXUPA's, and perhaps the Trust keeps an eye on how this is used, and it is separate to other debt (or equity, as PPX calls it for the preference shares). Say the PXUPA fund has $100m left in it, Paperlinx could buy back $100m worth of PXUPA's, and this would mean less of a burden on it for the future re distributions. If such a thing occurred, it might also help the price of pxupa's, as they'd be rarer!
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