Basically it means that on top of the cash consideration of $8.55 or the Share/Cash allocation a special dividend of max 0.75c fully franked will be paid in cash. This depends largely on the retained earnings of IINET which at 31/12/14 was $106 million so the discretionary special dividend at that amount would work out to be $0.644per IINET share. of course there will be franking credits depending on your personal tax situation. Hope this is clear. (refer page 28 or section 4.4. of the scheme booklet)
IIN Price at posting:
$9.39 Sentiment: Hold Disclosure: Held