If you hold Renergen shares with CommSec and the buyout by ASP Isotopes goes through, your RLT shares will be swapped for 0.09196 ASP Isotopes shares per RLT share. You can hold and trade these Nasdaq-listed shares with CommSec by opening an International Shares Account, which you can set up online or by calling 13 15 19. If you don’t set this up, CommSec will still transfer the shares, but you might face delays or issues trading them. The swap will trigger capital gains tax, so talk to your accountant about that. Future dividends or sales regarding new shares will be in USD, with possible currency conversion fees.
The deal needs shareholder and regulatory approval, so you could just wait and see what happens and sell out beforehand on market. Up to you what you think will work best for your pocket, or whether you just want simplicity.
RLT Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
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