Sorry I don’t understand the structure of the proposed scheme. In any scheme, unless someone gets extra cash in their pockets for the dilution, all that happens is you lose the franking credits...if the market responds appropriately to the extra shares on issue, it will decrease the share price and we are left with more shares on issue for the same market cap and less franking credits...unless I’m missing something?
Sorry I don’t understand the structure of the proposed scheme....
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