CZI cassini resources limited

Ann: Implementation of Demerger Scheme, page-8

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    Quote "Implementation of Demerger Scheme" dated 2 October 2020.

    "The Demerger Scheme consideration, comprising a cash distribution and Caspin shares, has been paid and issued to Cassini shareholders".
    "Ineligible foreign shareholders will be paid the cash distribution..........".

    My understanding is it is a capital reduction of 1c for every Cassini share at 5pm on 28 September.

    As it is neither a dividend nor a royalty it is not taxable but it reduces the price that was paid for the shares..

    I have held my shares for over 2 months and only received ~84.51c per share.

    This is my understanding. I may be wrong and am open to further enlightenment.








 
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