Aug 10 (Reuters) - Pepper Group Ltd PEP.AX :
* Entered into scheme implementation deed with red hot australia bidco
* Pepper directors unanimously recommend shareholders vote in favour of the scheme
* Pursuant to scheme implementation deed, Pepper shareholders will receive a cash payment of $3.60 per share
* Pepper board is entitled to pay fully franked interim dividend of up to 3 cents per share before implementtation of the scheme