Ann: RECEIPT OF INDICATIVE AND NON-BINDING PROPOSAL, page-13

Toto, I am far from an expert as well but I think it might work something like this;

If the final offer was $1.45 they may structure it as $1.05 for your share plus a fully franked dividend of 40 cents = $1.45.

The dividend part being fully franked means the company has already paid 30% tax. This will reduce that tax you have to pay on the dividend or if you are retired on a low income you might get it back at tax time, i.e. extra 20 cents.

Figures are approximate, but I think that is how it works. Like I said I am no expert either.

cheers Garrett.