"Assuming the Transaction proceeds, the Board intends to consider a range of options to maximise returns to Shareholders. Consistently with previous announcements to the market, the Board intends to explore potential opportunities for the acquisition of new projects, provided they meet the Board’s criteria for delivering shareholder value. The Board will also consider distributing cash to shareholders (for example, through a buy back or dividend)."
I hope the sale is approved at the June meeting. Great to see the option of a cash return on the table !
MOL Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held