CHN just announced the ATO Class Ruling with regards to the demerger. Not sure why it was not included in the FAL asx news releases but anyway.
I found some interesting points but I’m not sure how to interpret them if anyone can help.
47. Ineligible Overseas Shareholders had the Falcon shares to which they were entitled sold by Chalice through a nominee on the ASX (Sale Facility), who remitted the net sale proceeds to the relevant shareholders.
50. Just before the Implementation Date, approximately 32% of the shares in Chalice were held by foreign residents.
Am I right in assuming that of the 117m in-specie shares issued, up to 32% of them have gone to a ‘sale facility’?
FAL Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
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