Received an update yesterday. One setback unfortunately.
It now appears that tax may be payable on the distribution of the net sale proceeds. This will reduce any amount available for distribution to RMGP for ultimate payment to the Former EPS Holders.
Just one last company to be deregistered, expected to occur in the 2nd half of 2022, and we get paid before deregistration, so hopefully we'll receive our payments this year (but don't hold your breaths):
The only company in the Group not deregistered is No 2. In respect to the deregistration of No2, I now expect deregistration will occur during the second half of 2022, following the obtaining of taxation clearance for No 2 and after distribution has occurred to Former EPS Holders. However, the commencement of the deregistration process is dependent upon finalisation of all matters relating to No 2, including, without limitation, the obtaining of tax clearance referred to above.
PIH Price at posting:
$4.90 Sentiment: None Disclosure: Not Held
