Special Dividend
Saracen is pleased to announce that today the Saracen Board declared a fully franked dividend of
Saracen shareholders who are able to realise the full benefit of the franking credits attached to the Special Dividend will be entitled to a franking credit of up to
If the Scheme becomes effective, the Special Dividend will be paid on Thursday,
Accordingly, if the Scheme becomes effective, Saracen shareholders who are recorded as such on the register on the Special Dividend Record Date and who continue to hold their shares until the Scheme record date on Friday,
Shareholders should seek independent tax advice in regard to their own circumstances.
ATO Class Ruling
The Company has applied to the ATO requesting a class ruling in relation to the tax implications of the Special Dividend, including the ability to attach franking credits to the Special Dividend. The application is progressing well, and is in the advanced stages. Subject to the receipt of a favourable class ruling from the ATO, and depending on their own tax circumstances, Saracen Shareholders may receive additional value from any franking credits attaching to the Special Dividend, as described above.
Virtual Second Court Hearing
On
The Second Court Hearing is open to the public, including all Saracen shareholders, and any Saracen shareholders, members of the public or media who wish to attend the Second Court Hearing should contact the Associate to the Honourable Justice Hill directly by email as soon as possible on Associate.Justice.Hill@justice.wa.gov.au.
Contact:
Tel: (08) 6229 9100
Email: info@saracen.com.au
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