It's an option companies use when they sell some of their...

It's an option companies use when they sell some of their assets. They can choose how much goes back to the share holder.

it's a possible answer or avenue to your last post with 2 questions in it. It's a neat solution for long term holders as there's no tax implications to them until they sell their shares imo. It's neat for them the co too as the board can choose how much of any share of a sale ends up going back to sh that way.

a divvy can also still come at the same time and franking etc from current operations and sales.

If their constitution doesn't allow that then ah for me that would be unusual.