DNK 0.00% 31.7¢ danakali limited

Ann: Completion of Sale of Colluli Interest, page-9

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  1. 1,055 Posts.
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    It's pretty standard when a big project or big part of a business is sold they have to apply to the tax office for a ruling on tax treatment for a capital return. Then they can decide what to do with the capital once they have the ruling. Applying for a ruling usually takes at least a couple of months and then they might seek shareholder approval for the capital management plan.

    Interesting that they are suspending the stock in the meantime.


 
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