AMP Limited (AMP) and AXA Asia Pacific Holdings (AXA) merger

On 30 March 2011, AXA merged with AMP.

AXA ordinary shareholders received 0.73 fully-paid ordinary shares in AMP and $2.5464 cash for each ordinary share they held on 16 March 2011. AXA also paid a final unfranked dividend of 9.25 cents per ordinary share. The market value of each AMP share received by AXA shareholders is $5.32.

If you were an ordinary shareholder in AXA, there are four consequences:

  • you must decide whether or not to choose CGT rollover
  • you must work out your capital gain or capital loss and take it into account in working out the net capital gain to include in your 2010-11 tax return
  • you must determine the cost base of your new AMP shares, and
  • you must include the final dividend from AXA in your 2010-11 tax return.
Further Information

If you were affected by this merger, see Merger of AMP Limited (AMP) and AXA Asia Pacific Holdings (AXA) fact sheet.

End of further information
    Last modified: 14 Sep 2016QC 24438