Disposal Value
Disposal value of Alinta shares (for tax purposes)
The following information is a summary of the consideration received for tax purposes.
You will receive a personalised tax statement which provides the actual consideration that you received.
You should rely on your personalised tax statement in determining the tax consequences of your participation in this transaction.
The Prices set out below represent what the Australian Taxation Office (ATO) has advised that they will accept for Australian capital gains tax purposes.
They reflect the average daily volume weighted average price (VWAP) of the securities on the date that they were transferred to you.
These Prices are different from those previously published on this website. Opening market values on the date that the securities were issued to you were previously used.
Taxpayers can choose the market value that they consider reasonable and appropriate in calculating their capital gain or loss. However, the ATO have accepted the VWAP Prices set out below.
Using the VWAP will give some taxpayers a slightly better income tax outcome. For further information click here.
You should contact your tax advisor if you have relied on the previously published Prices or consider the Prices set out below as not being appropriate for your circumstances.
Market Value of Securities
|
Security Prices |
Average VWAP |
Previously Published Values |
|
APA |
3.765 |
3.765 |
|
BBI |
1.71 |
1.695 |
|
BBIEPS |
0.875 |
1.00 |
|
BBP |
2.882 |
2.87 |
|
BBW |
1.669 |
1.635 |
|
|
APA Dividend and Return of Capital
Each Alinta shareholder received a distribution which was paid by way of 0.301 APA securities per Alinta share:
|
Ratio |
Price |
$ per share |
|
APA |
0.301 |
3.765 |
1.133 |
|
|
|
|
|
This distribution was made up of: |
|
|
$ per share |
|
fully franked dividend |
|
|
0.930 |
|
with franking credits of |
|
0.399 |
|
|
return of capital |
|
|
0.203 |
|
|
|
1.133 |
|
|
|
|
Shareholders should deduct the return of capital from their cost base of the Alinta Shares before calculating their capital gain.
The capital gain will be the amount left when the cost base of their Alinta shares is deducted from the value received when they disposed of their shares.
The value received by Alinta shareholders for disposing of their Alinta shares depends on which election they made:
Default
|
Ratio |
Price |
$ per share |
|
Cash |
8.948 |
|
8.948 |
|
BBI |
0.752 |
1.710 |
1.286 |
|
BBIEPS |
1.599 |
0.875 |
1.399 |
|
BBP |
0.669 |
2.882 |
1.928 |
|
BBW |
0.260 |
1.669 |
0.434 |
|
|
|
13.995 |
Maximum preference shares
|
Ratio |
Price |
$ per share |
|
Cash |
|
|
- |
|
BBI |
|
1.710 |
- |
|
BBIEPS |
13.952 |
0.875 |
12.208 |
|
BBP |
|
2.882 |
- |
|
BBW |
|
1.669 |
- |
|
|
|
12.208 |
Maximum cash
|
Ratio |
Price |
$ per share |
|
Cash |
13.876 |
|
13.876 |
|
BBI |
|
1.710 |
- |
|
BBIEPS |
0.076 |
0.875 |
0.067 |
|
BBP |
|
2.882 |
- |
|
BBW |
|
1.669 |
- |
|
|
|
13.942 |
Maximum Securities
|
Ratio |
Price |
$ per share |
|
Cash |
|
|
- |
|
BBI |
2.427 |
1.710 |
4.151 |
|
BBIEPS |
2.962 |
0.875 |
2.592 |
|
BBP |
2.159 |
2.882 |
6.223 |
|
BBW |
0.839 |
1.669 |
1.401 |
|
|
|
14.367 |
Cash out (received default, followed with bookbuild sale)
|
Ratio |
Price |
$ per share |
|
Cash |
8.948 |
|
8.948 |
|
BBI |
0.752 |
1.710 |
1.286 |
|
BBIEPS |
1.599 |
0.875 |
1.399 |
|
BBP |
0.669 |
2.882 |
1.928 |
|
BBW |
0.260 |
1.669 |
0.434 |
|
|
|
13.995 |
Sale of securities in the "Cash Out" and "Sell Unmarketable Parcels"
Alinta shareholders who elected "Cash Out" or "Sell Unmarketable Parcels" facilities have realised profits and/or losses as a result of those elections because the prices at which their securities were sold for them were different to the prices which they acquired those securities.
In the cases of B&B Power and BBI EPS the sale prices were higher than the acquisition prices so they realised profits on the sale.
In the cases of B&B Infrastructure, B&B Wind and APA the sale prices were lower than the acquisition prices so they realised losses on the sale.
Cash out shareholders received
|
Ratio |
Acquisition Price |
$ per Alinta share |
|
BBI |
0.752 |
1.710 |
1.286 |
|
BBIEPS |
1.599 |
0.875 |
1.399 |
|
BBP |
0.669 |
2.882 |
1.928 |
|
BBW |
0.260 |
1.669 |
0.434 |
|
APA |
0.301 |
3.765 |
1.133 |
|
|
|
|
...and sold those securities in the bookbuild sales
|
sale price |
$ per Alinta share |
gain (loss) per Alinta share |
|
BBI |
1.650 |
1.241 |
(0.045) |
|
BBIEPS |
0.904 |
1.445 |
0.046 |
|
BBP |
2.920 |
1.953 |
0.025 |
|
BBW |
1.650 |
0.429 |
(0.005) |
|
APA |
3.750 |
1.129 |
(0.005) |
|
|
|
Shareholders who chose Maximum Cash and "sell unmarketable parcels"
|
ratio |
price |
$ per Alinta share |
|
BBIEPS |
0.076 |
0.875 |
0.067 |
|
APA |
0.301 |
3.765 |
1.133 |
|
|
...and sold those securities in the bookbuild sales
|
sale price |
$ per Alinta share |
gain (loss) per Alinta share |
|
BBIEPS |
0.904 |
0.069 |
0.002 |
|
APA |
3.750 |
1.129 |
(0.005) |