So going by todays announcement, the best case scenario for us in relation to tax would be:
1) for FFX to sit on their hands till LLL sort themselves out and relist or atleast finalise a deal and so what the rough value is per share,
2) FFX to sell the LLL shares at as close to market value as possible.
3) FFX to close and return as much moneys as possible a return of capital event,
4) Any remaining money outside the return of capital to be return as a standard cap gain / loss event no different to selling off the shares.
Have I missed something? The about would be the best possible tax outcome for holders.
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