RE: So, a Capital Reduction Scheme then29 May 2019 09:32
"Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. ... In some capital reductions, shareholders will receive a cash payment for shares canceled, but in most other situations, there is minimal impact on shareholders."
sounds like we're getting cash, rather than ASX listed shares..........!
Impact on ISA/SIPP...........?
All the best (straight into accounts I'd hope :)