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22.0¢ cassini resources limited

Gidday hone, “further enlightenment “can be found on the share...

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Ellroy

171 Posts.

20

04/10/20

21:00

Post #: 47843792
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Originally posted by hone: ↑

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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Gidday hone, “further enlightenment “can be found on the share registry website.
log in, find your documents and you will find the answer to your missing 15%( probably tax, like mine).

CZI Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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