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Yes, most likely no more ASX listing. But how they re-domicile...

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Esquatcho

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10/08/23

11:51

Post #: 69266510
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Originally posted by BeowulfTrader: ↑

Apologies in advance, I don't own any non ASX securities.

So, am I right in understanding this means they will delist from the ASX and only be listed on NASDAQ then?

How does this practically work for existing ASX shareholders, is there a share swap, or will the shares be bought out?

If there is a share swap, wouldn't that trigger a capital loss event?

Wouldn't it also mean if there were any dividends paid in the future there will be no franking credits etc either?

Thanks.

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Yes, most likely no more ASX listing. But how they re-domicile really depends on many factors. Could be a whole bunch of options which affect the taxation situation (capital loss) differently.
But definitely no franking credits in the future if listed in the US only.

IHL Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
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