On 15 June 2011, Echo Entertainment Group Limited (Echo) demerged from Tabcorp Holdings Limited (Tabcorp).
The demerger involved a share capital reduction by Tabcorp satisfied by the transfer to Tabcorp shareholders of one Echo share for every Tabcorp share they owned in Tabcorp on the record date of 10 June 2011.
Tabcorp shareholders need to:
- work out the cost base and reduced cost base of all of their Tabcorp shares owned before the demerger
- work out if they have made a capital gain as a result of the demerger
- consider whether or not to choose demerger rollover relief if they made a capital gain, and
- recalculate the cost base and reduced cost base of their Tabcorp and Echo shares.
If you were affected by this demerger, see Tabcorp Holdings Limited demerger (2011).
End of further information