Consideration to be provided for Share Elections
iiNet Shareholders who made a valid Share Election will receive, for each iiNet Share held continuously from the Election Date until the Record Date (currently expected to be 5:00pm (WST) on Monday, 31 August 2015):
0.5533 New TPG Shares;
$3.77 in cash; and
a Discretionary Special Dividend of up to $0.75 per iiNet Share (if declared) in cash and top-up cash consideration for the difference between the amount of the Discretionary Special Dividend declared (if any) and $0.75.
I need help here. So, 1000 IIN shares equals:
553 New TPG Shares;
$3770 in cash; and
What does the last bit mean and how much will/could it be?
IIN Price at posting:
$9.39 Sentiment: Buy Disclosure: Held