Yes seems strange to me and unnecessarily complex. Why didn't they just do an on market buyback for 15% of the register and forget the capital return. If you want the $3,00 just sell 15% of your holding into the buyback.
SUN
Price at posting:
$19.55 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.