MJS, I'm reading the following to say that the special dividends...

MJS, I'm reading the following to say that the special dividends are conditional. Please correct me if I'm wrong:

Initial Permitted Dividend and Additional Permitted Dividend

Subject to Saputo obtaining a relevant interest in at least 50.1% of WCB shares, the WCB board intends to
exercise its discretion to declare a fully franked special dividend of $0.46 per share (Initial Permitted Dividend).
Subject to Saputo obtaining a relevant interest in at least 90% of WCB shares, the WCB board also intends to
exercise its discretion to declare a subsequent fully franked special dividend of $0.85 per share (Additional
Permitted Dividend).
The record date for both the Initial Permitted Dividend and the Additional Permitted Dividend (collectively the
Permitted Dividends) is 7.00pm (AEST) on 26 November 2013 (Record Date). The timing of the Record Date is
to ensure that the Record Date will pass before any WCB Shares accepted into the Revised Saputo Offer are
transferred to Saputo. This will ensure that once you accept the Revised Saputo Offer, you will still be entitled
to receive any Permitted Dividends and any franking credits associated with those Permitted Dividends that
you may be entitled to so long as you are a WCB shareholder on the Record Date(and did not otherwise acquire
your WCB shares on or after the ex-dividend date). WCB shares will trade ex-dividend from 20 November 2013
(Ex-Dividend Date).
If both Permitted Dividends are declared and paid, WCB shareholders who accept the Revised Saputo Offer will
receive $9.00 cash per share comprising:
• $7.69 per share from Saputo (i.e. $9.00 less the Initial Permitted Dividend and less the Additional
Permitted Dividend);

• an Initial Permitted Dividend of $0.46 per share from WCB (provided they are a WCB shareholder on
the Record Date); and

• an Additional Permitted Dividend of $0.85 per share from WCB (provided they are a WCB shareholder
on the Record Date).