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$2.09 link administration holdings limited

yep the 54% and 46% split is based on the trading bases of PEXA...

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mkench17

234 Posts.

82

22/02/23

11:14

Post #: 66391270
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Originally posted by Beachcomber4: ↑

15 February 2023
ASX ANNOUNCEMENT
PEXA IN-SPECIE DISTRIBUTION – ATO CLASS RULING
Link Administration Holdings Limited (ASX: LNK) (Link Group) notes that the Australian
Commissioner of Taxation has issued Class Ruling CR 2023/7 (Class Ruling) covering the
Australian income tax implications of the in-specie distribution of Link Group’s shareholding in
PEXA Group Limited (ASX: PXA) (PEXA) (the Distribution).
A copy of the Class Ruling is attached and is also available on Link Group’s website at
www.linkgroup.com.
The Class Ruling confirms the availability of demerger tax relief for certain Link Group
shareholders. A general guide to the tax implications for Link Group shareholders of the
Distribution is contained in section 5 of the Explanatory Memorandum released by Link Group to
the ASX on 22 November 2022.
Cost base apportionment
The cost base of Link Group shareholders’ pre-Distribution holdings should be apportioned
between their Link Group and PEXA shareholdings based on the following percentages:
• Link Group: 54.44%
• PEXA: 45.56%
This reflects the volume weighted average price of $1.89 for Link Group shares and $11.92 for
PEXA shares in the 5 trading days after the implementation of the Distribution on 10 January
2023.
The release of this announcement was authorised by the Link Group CEO & Managing Director.
For further information:
Investor Relations Contact – Tariq Chotani, Link Group +61 407 498 868
Media Contact – Ben Wilson, GRACosway +61 407 966 083
About Link Group
Link Group connects millions of people with their assets, including equities, pension and
superannuation, investments, property and other financial assets. Link Group partners with
thousands of financial market participants to deliver services, solutions and technology platform
that enhance the user experience and make scaled administration simpler. They help manage
regulatory complexity, improve data management and provide the tools to connect people with
their assets, leveraging analysis, insight and technology.
For more information, please visit: www.linkgroup.com

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yep the 54% and 46% split is based on the trading bases of PEXA and LNK following the split. Your own cost base is not the trading base its what ever you paid for link 54% is left to LNK and 46% to PXA then divide by the share you own in both.

LNK Price at posting: $2.13 Sentiment: Buy Disclosure: Held
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0 Great analysis

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