Investopedia explains 'In Specie'An example of an in specie...

Investopedia explains 'In Specie'


An example of an in specie distribution is a stock dividend, which can be distributed to investors when cash is in short supply. It is common to see an in specie distribution made in the form of fractional shares such as 0.5 shares for each share held.

http://www.investopedia.com/terms/i/in_specie.asp

By that I would say that they would give extra shares (I thought they said a SPP - even at a reduced price)to ALL holders as at a date to be mentioned. In this way they will reduce the percentage holding of SPI by increasing the shares to the holders.