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Sydney Airport (SYD) Scheme of Arrangement - February 2022

The acquisition of Sydney Airport by Sydney Aviation Alliance Pty Ltd, schemes are now legally effective, and Sydney Airport has been suspended from trading from 09 February 2022. The scheme record date is expected to be 16 February 2022 at 7 pm.  Shareholders will receive $8.75 per Sydney Airport security and will be paid on the implementation date, expected to be 9 March 2022.

To account for the acquisition by Sydney Aviation Alliance Pty Ltd, in the Stock Doctor Portfolio Manager, please see instructions below:

  1. Navigate to the portfolio containing SYD
  2. In the 'Securities Held' tab, under the Securities Held section, please click on SYD and this will take you to the SYD securities screen.
  3. Under the Trades and Adjustments section, please click on the “ New Sell ” Button

Please enter in the following details in the trade window:

Date: 9/3/2022

Quantity: Enter the number of SYD shares held

Price: $ 8.75

Fees: 0

Then click the Save button, found in the bottom right-hand corner.

Below is the dialogue box:
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You have now accounted for the Scheme of arrangement for Sydney Airport.

Our team in the office are ready and willing to assist you with any questions you have about any of the content above. Please give us a call on 1300 676 333 or email us at  support@lincolnindicators.com.au with any questions you may have.

 

However, we are not licensed to provide tax advice and therefore anything which relates to tax or your personal circumstances we will not be able to answer. In order to have personal tax or finance questions answered, you will need to seek the services of a licensed practitioner who will be qualified to answer your queries.

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