Ann: TPG Scheme Booklet Released, page-8

The report advises you can apply for script rollover relief, so no CGT is applicable if taking new shares in merge Co.

A few interesting points i saw being:-

- Recapitalisation of ~$150M for Singapore before the merger.
- Singapore will have equity contributed of ~$500M.
- Accumulated tax losses of $4.35B should be able to be carried forward subject to confirmation from ATO, as long it meets the business continuation test.
- Value of tax loses are $1.3B but the Independent export report only adopted $350m - $400m
- Special dividend to be between $0.60 - $0.67. Goldman Sachs $0.67, UBS & Credit Suisse tipping $0.60. in the AFR today!
- Interest rate on debt of 2.52%
- $27.5M annual fee for the Vodafone brand
- Forecast synergies of $200M although not expected until around 2023.