IIN 0.00% $9.52 iinet limited

Ann: Outcome of Scheme Consideration Elections and Scale Back, page-4

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  1. 29 Posts.
    Hi There

    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)
 
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