Ann: Sale of NZ Business, page-2

Well - that announcement was a long time coming
Anyone out there have any comments ?
Appears that NTA becomes 4c per share plus whatever else they can get out of the remaining sale of the business if it meets certain hurdles - say 2c a share or a further $4M in cash
Then they apparently still have substantial franking credits available - they should appear in the audited financials hoped to be released by 31st March
Let's hope that any future divestment of cash will be in the right direction - not like the past 3 years of wasted purchases. At least it appears shareholder approval may be necessary but then again who holds the upper hand here ? - the Directors who will make the decisions
Personally I'd like to see a return of cash to shareholders - especially if franking credits can be included