ERM Power Limited referred to the proposed recommended acquisition of ERM Power by Shell Energy Australia Pty Ltd. ("Shell Energy Australia") by way of a scheme of arrangement. As outlined in the Scheme Booklet, the ERM Power Board currently intends to pay a fully franked Special Dividend of up to $0.085 per ERM Power Share prior to implementation of the Scheme, if the Scheme is approved by ERM Power Shareholders and the Court.