I am not sure of the exact date when they go ex div - but due to...

I am not sure of the exact date when they go ex div - but due to BBI trading at a 10% discount to their 4c proposed worth, then a current 10% discount on BEPPA's would seem reasonable to me.

All else being equal, a 10% gain?

Although on the 17th, somehow they will go 'ex' the AETD option value also(?) - I don't see much value in this, but if it is approx 4c, then the 10% gain may be offset by going ex the AETD option.

I have assumed BEPPA will be in a trading halt from meeting time until the recap is completed.

As an aside I note that BEPPA volume has dried up the last few days - whoever was the buyer appears to have all the votes they require.

Hold BEPPA