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.
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