SP1 southern cross payments ltd

Noob questions re: delisting, page-7

  1. 229 Posts.
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    Sinceyou haven't received a straight answer I thought I would chip in...BUT this ismy opinion & not advice

    • When ISX relists with another exchange your share allocation in the company remains unchanged....
    • You will need to set up an international trading account (assuming its a EU or US bourse) with your current broker. (COMSEC/WESTPAC etc) to trade in the stock.....Once done you will be able to trade as per usual (albeit with time differences).
    • Assuming you are not rolling the dividends over into additional stock, dvidends should be paid as per usual into your nominated bank account....
    • Tax implications are dependent upon whether you are a AUS resident...essentially if you sell & make a profit you will be subject to paying tax.

    Hope that helps

 
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