"EXS have 2c in the franking account. They cannot pay a fully franked dividend with their current cash levels."
Hence why I asked if we had any franking credits in the franking account.
But, what is wrong then, to pay the amount of cash we have in the Bank as a return of capital instead?? We would still distribute that amount of cash between all the shareholders, and not giving it away to SOL.
Cheers
exco recommend revised sol takeover offer ..., page-36
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