How can we help you today?


Superloop Limited (SLC) takeover of BigAir Group Limited (BGL) - December 2016

Below are the instructions for recording the transfer of BGL. These only related to situations where you decided to have your BGL shares rollover into SLC shares. If you chose to sell your shares on market before the takeover occurred, then you would simply enter the transactions as a sell transaction.

The below examples assume the original BGL holding was 10000 shares, with a purchase price of $0.73 on 27 Feb 2015

Option One: Full script rollover

Step 1: In the Portfolio Manager, click the BGL holding on the “Securities” tab

Step 2: Click “Other Transactions” and select “New Reconstruction
bgl1.png

Step 3: Change the date to 12 December 2016

Step 4: Enter the code as “SLC

Step 5: Multiply your original holding of BGL by 0.371. In our example 10,000 x 0.371 = 3,710

Step 6: Type “100” in the Cost base rolled over field
bgl2.png 

Step 7: Select “Save” and you have completed the reconstruction

Option Two: Mixed consideration Option.

Under this option you elected to receive $0.70 per share and then 0.118 new SCL shares for every one BGL share

Step 1: In Portfolio Manager, click the BGL holding on the “Securities” tab
bgl3.png

Step 2: Click on “Other Transactions” and select “New Reconstruction

Step 3: Change the date to 12 December 2016

Step 4: Enter the codes as “SLC

Step 5: Multiply your original holding of BGL by 0.118. In our example 10,000 x 0.118 = 1,180

Step 6: Type “100” in the Cost base rolled over field
bgl5.png 

Step 7: Click on the “Income and Capital Return” Tab up the top of the screen

Step 8: At “10. Capital Return” enter the dollar amount you received. This should be the number of shares you hold multiplied by $0.70. In our example 10,000 x 0.70 = $7,000
bgl11.png
Step 9: Click “Save” and the reconstruction is complete.

 

Have more questions? Submit a request
Powered by Zendesk