In May 2011, Treasury Wine Estates Limited (Treasury Wine) demerged from Foster's.
The demerger involved a share capital reduction by Foster's and the transfer to Foster's shareholders of one Treasury Wine share for every three shares they owned in Foster's at 7.00pm (Melbourne time) on the record date of 16 May 2011, rounded up or down to the nearest whole Treasury Wine share.
Foster's shareholders need to:
- consider whether or not to choose demerger rollover, and
- recalculate the cost base and reduced cost base of their Foster's and Treasury Wine shares.
If you were affected by this demerger, see Foster's Group Limited demerger (2011).
End of further information