TREATMENT OF CURRENT TAKEOVERS, ISSUES, MERGERS ETC.

As new takeovers, mergers, issues, etc are finalised, how to deal with them in STEX Portfolio Manager will be put on this page:

Disclaimer: Any information detailed is an example only and not suitable to be acted on as investment advice. You must obtain independent advice from your broker, investment adviser or accountant before making any investment decisions relying on the information. The following is general only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

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TABCORP demerger to TABCORP & ECHO

You must seek advice from your financial adviser/accountant as the following is general only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

It appears from the documentation that eligible Tabcorp shareholders will receive one ECHO share for every one TABCORP Shares. Shareholders will retain their existing TABCORP Shares.
TAH shares will have a capital reduction of $ 3.2264 per share
EGP shares will be added to the portfolio at a total cost of the Tabcorp capital reduction.
(These details would have been communicated to you as a 'Transaction Confirmation Statement')

This completes the transaction

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JB HI FI Buy Back 2011

You must seek advice from your financial adviser/accountant as the following is general only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

Buy back details:- Discounted sale price of $16.00 made up of a fully franked dividend $15.42 and a capital component of $0.58. The deemed market value per share is $18.31. For capital gains purposes the sale consideration per share is $2.89.

Use Transactions > Equities and select Dividend
(If you use cash book or bank accounts select the bank account number fot this transaction.)
Enter a fully franked JBH dividend for the dividend component of $15.42 per share.

Use Transactions > Equities and select Sale
(Note: Do not use a cash book bank account for this part of the transaction as the sale amount is a deemed sale amount for capital gains tax purposes. The bank adjustment will be done later.)
Enter a SALE for JBH for the number sold at a sale price of $2.89 (being the deemed market value less the dividend component $18.31 - $15.42 = $2.89)

This completes the transaction

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FOSTERS demerger to FGL & TWE

You must seek advice from your financial adviser/accountant as the following is general only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

Eligible Shareholders will receive one Treasury Wine Estates Share for every three Fosters Shares. Shareholders will retain their existing Fosters Shares.

FGL shares will have a capital reduction of 20.04%
TWE share will be added to the portfolio at a total cost of the Fosters capital reduction.

To calculate this:-
1. Display the Portfolo Holdings report and note the number of FGL shares and the total cost of those shares.
2. The number of new TWE shares will be number of FGL shares divided by 3. (This may differ 1 or 2 due to rounding. Check your paperwork for the number of TWE shares actually received.)
3. The Total Cost of the new TWE shares will equal the Capital Reduction of FGL which is 20.04% of the Total Cost of your original FGL shares.

This completes the transaction

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BHP Buy Back 2011

You must seek advice from your financial adviser/accountant as the following is general only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

Buy back details:- Discounted sale price of $40.85 made up of a fully franked dividend $40.57 and a capital component of $0.28.
The additional capital component for tax purposes is $9.03

Use Transactions > Equities and select Dividend
(If you use cash book or bank accounts select the bank account number fot this transaction.)
Enter a fully franked BHP dividend for the dividend component of $40.57 per share.

Use Transactions > Equities and select Sale
(Note: Do not use a cash book bank account for this part of the transaction as the sale amount is a deemed sale amount for capital gains tax purposes. The bank adjustment will be done later.)
Enter a SALE for BHP for the number sold at a sale price of $9.31. (being $0.28 + $9.03)

AMP Merger with AXA

Details: 0.73 AMP shares & A$2.5464 cash for each AXA share held
This is the equivalent of A$6.43 per share

The number of new AMP shares will be number of AXA held x 0.73
( example: 1200 AXA shares x 0.73 = 876 new AMP shares)

1. Using Transactions > Adjust Data for Issues.... process a Capital Return on AXA @ A$2.5464 per share held
2 .Using Transactions > Adjust Data for Issues.... process a reconstruction of 0.73 AMP shares for each 1 AXA held.
Note: re consolidation - Before clicking 'Make Adjustments' ensure that the total in new shares column equals the new number on the advice provided by AMP as it may differ by 1 or 2 due to rounding. If not adjust one of the items in the new column.
3. The name change - Select Tools > ASX Code Changed
Change AXA to AMP AMP Ltd
Click Make Changes

This completes the transaction

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CSR SHARE CONSOLITATION

On 2/2/11 CSR paid a fully-franked dividend, paid a .4357 cents per share capital return and had a 1:3 share consolidation.

1 .For the capital return create a "Cap.Return" heading using Tools > Preferences > Edit Extended Dividend Heading
2. Using Dividend data entry Transaction > Equities ... > Dividends, enter the FF dividend and at the same time enter the capital return in the position just created in 1.
3. Using Transaction > Adjust Data for Issues.... process a Capital Return on CSR.
4 .Using Transaction > Adjust Data for Issues.... process a reconstruction of 3:1 on CSR.
Note: re consolidation - Before clicking 'Make Adjustments' ensure that the total in new shares column equals the new number on the advice provided by CSR as it may differ by 1 or 2 due to rounding. If not adjust one of the items in the new column.

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WESTFIELD GROUP - WESTFIELD RETAIL TRUST

Shareholders will keep their existing Westfield(WDC) Shares and receive one Westfield Retail Trust unit (WRT) for every WDC share they hold at the Record Date. The cost base of each of your WDC shares will be reduced by $2.75 per share. The cost base of WRT will be $2.75.

To do this in STEX Portfolio:-
Enter a BUY transaction for Westfield Retail Trust (WRT) for the number of WDC shares held @ $2.75 each. (Note:Do not select a bank account)
Enter a Capital Return (Tranactions > Adjust Data for Issues etc > Capital Return ) for WDC for the total of (number of WDC shares held x $2.75)

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NEWCREST MERGER WITH LIHIR GOLD

Lihir shareholders receive one Newcrest share for every 8.43 Lihir shares they own, plus 22.5 cents cash a share, less any Lihir dividend declared or paid for the half-year ending June 30.
** It is flexible on the mix of cash and shares they can receive so you need to adjust the figures below to reflect the choice you made.

1. Use Transactions > Adjust Data for Issues. Select Capital Return
Enter a Capital Return, on LIHIR, for the total cash received (i.e. number of LHG shares held x **$ 0.225)
This effectively reduces the cost base of your LHG shares

2. Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)
Enter code - LHG
Enter the date of the reconstruction - 21/10/10
Enter the ratio 1 for every **8.43 shares held - press Enter
Transactions will appear with new share holding and old share holding
Due to rounding the new number of shares may be slightly out
Change one of the items in the new column to correct the difference
When correct click Make Adjustments
3. Change the ASXCode from LHG to NCM (Tools > ASXCode Changed)
Enter the old code LHG and enter the new code NCM click OK
This completes the transaction

 

ORICA - DULUXGROUP DEMERGER

Eligible Shareholders will keep their existing Orica Shares and receive one DuluxGroup Share for every Orica Ordinary Share they hold at the Record Date. Orica advises that the cost base of your Crica shares at the record date be reduced to 90.4% of existing cost base and the cost base if the DuluxGroup shares be 9.6% of existing cost base of Orica.

For example - if at record date - You have 1000 Orica shares at a cost base of $ 10000
- therefore after record date you have
1000 Orica shares at a cost base of $ 9040 ( 90.4% of 10000 )
1000 Dulux shares at a cost base of $ 960 ( 9.6% of 10000 )

to do this in STEX Portfolio:-
Use your calculations of the relevant cost bases -
Enter a Capital Return (Tranactions > Adjust Data for Issues etc > Capital Return ) on ORICA for 9.6% of the existing cost base of Orica. This reduces the cost base of Orica to 90.4%
Enter a Buy transaction for DuluxGroup Ltd for the same number of shares as holding in Orica at a total cost of 9.6% of the original Orica cost base.

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MIG Demerger to ITO & MQA

Stex Portfolio does not have a specific routine to handle this demerger but the following workaround should be adequate but you need seek advice from your financial adviser/accountant. This is an example only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

1 MIG share becomes 1 ITO and 0.2 MQA shares
The cost base of ITO shares is the cost base of MIG shares * 0.833
The cost base of MQA shares is the cost base of MIG shares * 0.167

For this example the holding is 1000 MIG @ cost base of $ 3500

1. Multiply the cost base of your MIG shares by 0.833 to get the value of MQA shares eg. $ 3500 * 0.833 = 2915.50
2. Multiply the cost base of your MIG shares by 0.167 to get the value of MQA shares eg. $ 3500 * 0.167 = 584.50
3. Multiply the No of MIG shares by 0.2 to get the number of MQA shares eg. 1000 * 0.2 = 200
4. Enter a BUY transaction for MQA at the original transaction date eg. 200 ITO shares with total cost of $ 584.50
5. Enter a BUY transaction for ITO at the original transaction date eg. 1000 ITO shares with total cost of $ 2915.50
6. To remove the original MIG transactions enter a dummy SELL transaction for MIG for the total number of MIG shares and the exact total cost. This will effectively negate the original MIG transactions showing ZERO gains but will still be recorded in the portfolio for reference purposes.

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Elders Consolidation

Terms: 1 share for every 10 shares held

Use Transactions > Adjust Data for Issues.

Select Reconstruction (or split in version 7)

Enter code - ELD

Enter the date of the split - 30/12/09

Enter the ratio 1 for every 10 shares held - press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out. If so change one of the items in the new column to correct the difference

When correct click Make Adjustments and close the form.

This completes the transaction

 

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Westpac merger with StGeorge

Terms: 1.31 Westpac shares for each StGeorge share held

Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)

Enter code - SGB

Enter the date of the split - 11/11/08

Enter the ratio 1.31 for every 1 share held - press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments and close the form.

Click Tools > ASXCode Changed

Change the ASXCode from SGB to WBC

Enter the old code SGB and enter the new code WBC click OK

This completes the transaction

 

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Oxiana merger with Zinifex

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Terms: 3.1931 Oxiana shares for each Zinifex share held

Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)

Enter code - ZFX

Enter the date of the split - 11/11/04

Enter the ratio 1.31 for every 1 share held - press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

Change the ASXCode from ZFX to OXR (Tools > ASXCode Changed)

Enter the old code ZFX and enter the new code OXR click OK

This completes the transaction

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ARC merger with AWE and demerger of BURU Energy (BRU)

The Standard Consideration is used for this example
For every ARC share:-

0.30 New AWE shares
0.425 Buru Energy shares
$0.19 Cash

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Steps to be taken:

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1. Enter a capital return on ARC for the cash component.
Click Transactions > Adjust Data for Bonus Issues, Reconstructions & Capital Returns. Select Capital Return.

Enter the code (ARC) date and the full amount (No of ARC shares x 0.19c)
Select all transactions. When correct click Make Adjustment. This reduces the cost base of ARC by the cash received.

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2. Enter a capital return on ARC for the implied value of the Buru energy shares (No of ARC shares x the implied value of Buru $0.22)
Click Transactions > Adjust Data for Bonus Issues, Reconstructions & Capital Returns. Select Capital Return.

Enter the code (ARC) date and the full amount (No of ARC shares x 0.19c)
Select all transactions. When correct click Make Adjustment. This reduces the cost base of ARC by the cash received.

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3. Enter a reconstruction of each ARC share 0.30 for every 1
Click Transactions > Adjust Data for Bonus Issues, Reconstructions & Capital Returns. Select Reconstruction.

Enter the code (ARC) date and the ratio 0.3 shares for every 1 share held
Select all transactions
Edit an item in the New column if the total does not equal the New AWE shares issued it may be out due to rounding.
When correct click Make Adjustment.

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4. Change the name and code of ARC to AWE (Tools > ASX Code Changed)

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5. The number of Buru Energy shares received should equal the number of ARC shares held X .425
Enter a BUY transaction for Buru Energy (BRU) at $0.22 ea (This is the implied value - do not select a bank account)

 

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TELSTRA _ T3

1. Enter the 1st instalment for TLSCA

2. Enter the 2nd instalment for TLSCA

3. Transactions > Adjust for Bonus Issues etc to enter a Reconstruction on TLSCA to account for the bonus shares.

No.of instalment receipts plus the bonus shares for every No.of instalment receipts shares held
Transactions will appear with new share holding and old share holding.
Due to rounding the new number of shares may be slightly out
Change one of the items in new column to correct difference
When correct click Make Adjustments

4. After the adjustment is made Click Tools ASX Code Changed
Change the code from TLSCA to TLS and the name to Telstra
This completes the transaction

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PUBLISHING & BROADCASTING SCHEME & DEMERGER

Click here for details

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WESTFARMERS / COLES GROUP Scheme of Arrangement

Click here for details

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ALINTA SCHEME OF ARRANGEMENT (Babcock & Brown)

This is an example only to show the method of processing the arrangement - do not rely on the figures used - consult the paperwork supplied by the company.

For each Alinta share the default receipt appears to be :-
0.752 BBI share @ 1.444 per share
0.669 BBP @ 1.8418
0.260 BBW @ 0.4184
1.599 BBI(pref) @ 1.5990
0.301 APA @ 3.76
Dividend 8.948
Franking Credit 0.40

Depending on your holding of Alinta shares and the arrangements you selected you will process this transaction in Stex Portfolio Manager using the following tools & methods:-
1. Cancel out the Alinta holding by entering a SELL transaction for the number held in Alinta @ the total cost thereby ending up with a gain/loss of $0
2. Enter buy transactions for the new Babcock & Brown ( BBI, BBP, BBW, BBI pref & APA ) for the quantity received for each at the price per share as stated on the advice from Alinta
3. Enter a fully franked dividend for the dividend received (Alinta holding x $8.948) of with a franking credit of (Alinta holding x $0.40 per share)
4. Enter a capital return for the APA portion ($0.2034c per share)
Transactions > Adjust data for Bonus Issues, Splits, Capital Returns

Example:
Holding 500 Alinta @ $13.50 = total cost of $6750
Enter a sell for Alinta 500 @ 13.50 = $6750
Enter a buy for BBI 376 @ 1.444 = $542.94 (500 x 0.752 = 376)
Enter a buy for BBP 334 @ 1.8418 = $615.16 (500 x 0.669 = 334)
Enter a buy for BBW 130 @ 0.4184 = $542.94 (500 x 0.260 = 130)
Enter a buy for BBI pref 800 @ 1.599 = $542.94 (500 x 1.599 = 800)
Enter a buy for APA 150 @ 3.76 = %564.00 (500 x 0.301 = 150)
Enter a dividend 500 x 8.948 = $4474.00 with a franking credit of 500 x 0.40
Enter a Capital Return of $101.70 (500 x $0.2034)

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TOLL RESTRUCTURE & ISSUE OF ASCIANO SHARES

TOL - (First Scheme)Capital reduction of $0.45 per share. Dividend $0.17 per share Fully Franked $0.07 per share

(Second Scheme) Capital reduction of $3.75 per share. Dividend $1.40 per share

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AIO - Issue of Asciano @ $x per share (1 AIO share for every 1 TOL share held)

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Apportioning the cost base of your TOL shares to both TOL & AIO

59.276% to TOL shares

40.724% to AIO shares

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This is not a straight forward adjustment and requires you to calculate the cost base of each parcel of TOL shares and the cost base of AIO shares.

Use Toll Restructure–Fact Sheet to work it out on paper first.

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You will need the following tools / processes to enter into STEX:Portfolio Manager :-

To reduce a cost base - Transactions Adjust Data for Bonus Issues, Splits etc and enter a Capital Return

To enter dividends - Transactions > Enter Data > Dividend

To manually edit a transaction - Transactions > Equity & Dividends > All Transactions

To enter the shares for AIO (Asciano) - Transactions > Enter Data > BUY ( Do not use/select a bank account number as no cash is received)

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LION (LSG) / AUSELECT (AUS) MERGER TO FORM LION SELECTION LTD (LST)

Lion shareholders (LSG)

61 LST0 options for every 1000 LSG

Divide the number of LSG shares by 1000 then multiply the result by 61

(eg 3000 LSG / 1000 = 3 * 61 = 183)

Enter a BUY transaction for LSTO being the result ( ie 183) @ no cost

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1 LST share for every 1 LSG share

Click Tools >ASX Code Changed
Change the code from LSG to LST

This completes the transaction for LSG shareholders

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AuSelect shareholders (AUS)

797 LST shares for every 1000 AUS shares

Use Transactions Adjust Data for Bonus Issues, Splits etc
1.Enter a Reconstruction on AUS - 797 for every 1000 shares held
Transactions will appear with new share holding and old share holding.
Due to rounding the new number of shares may be slightly out
Change one of the items in new column to correct difference
When correct click Make Adjustments
2. After the adjustment is made Click Tools ASX Code Changed
Change the code from AUS to LST and the name to Lion Selection Ltd
This completes the transaction for AUS shareholders

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MAYNE Demerger (2005)

Part 1: (MAY) Mayne becomes (SYB) Symbion Health Ltd ( cost base reduced by $2.49 )

Part 2: (MYP) issued (1 MYP for every 1 MAY share held) @ nominal cost base of $2.49

1. The name change

Select Tools > ASX Code Changed

Change MAY Mayne Ltd to SYB Symbion Health Ltd

Click Make Changes

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2. Reduce cost base of SYB by $2.49 per share (to do this treat it as a capital return)

Select Capital Return Enter the code (SYB) date and the full amount (eg No of shares x $2.49 )

Select all transactions

When correct click Make Adjustment

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3. Create a buy transaction for MYP ( Mayne Pharma Ltd ) for the same number of shares held in Mayne (now SYB) at a price if @2.49

Use Transactions > Enter Data to enter a standard BUY transaction

This completes the transaction

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RURAL PRESS/FAIRFAX MEDIA Scheme of Arrangement

Ordinary Shares - 2 FXJ shares + $ 3.30 for every 1 RUP share

Preferred Shares - 2.3 FXJ shares + $ 1.80 for every 1 RUPDP share

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Use Transactions Adjust Data for Bonus Issues, Splits etc
1. Enter a Capital Return on RUP or (RUPDP) equal to the total cash amount received
( $ total = number of RUP * $3.30 (or $1.80) depending on whether you are holding ordinary or Preferred shares.)
2. Enter a Split 2 for every 1 share (this will equal the total number of new FXJ shares issued to you)
Transactions will appear with new share holding and old share holding.
Due to rounding the new number of shares may be slightly out
Change one of the items in new column to correct difference
When correct click Make Adjustments
3. After the adjustment is made Click Tools ASX Code Changed
Change the code from RUP or RUPDP to WES
This completes the transaction

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HENDERSON GROUP PLC (HHG) sale of Life Services business

Part 1: Return of capital and the reduction of 52% of shares held

Part 2: If after reduction of 52% of shares holding is less than 500 shares

these will be sold at UK0.64 pence per share

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There are three steps: (use figures detailed on your remittance advice)
1. The return of capital

Select Transactions >Adjust for Bonus Issues,Splits, Cap.returns.

Select Capital Return

Enter the code , date and the full amount of capital return (in Australian dollars)

Select all transactions

When correct click Make Adjustment

2. The cancellation of 52% of shares

eg if you had 1000 shares these would be reduced by 52% (520) leaving aa holding of 480

 

Select Transactions >Adjust for Bonus Issues,Splits, Cap.returns.

Select Reconstruction (Split on earlier versions of stex)

Enter the code , date and the ratio

eg using the example above the ratio would be 480 for every 1000 held

Check the new column to ensure correct total new shares.

When correct click Make Adjustment

 

3. The sale of shares if total holding less than 500

Use Transactions > Enter Data to enter a standard sell transaction

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This completes the transaction

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MULTIPLEX OFFER FOR RONIN

The offer : 1 MXDN for every 0.274 RPH security plus $0.08c for every RPH held

1. Use Transactions > Adjust Data for Issues. Select Capital Return

Enter a Capital Return, on RPH, for the total cash received (i.e. number of RPH shares held x $ 0.08)

This effectively reduces the cost base of your RPH shares

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2. Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)

Enter code - RPH

Enter the date of the split - 11/11/04

Enter the ratio 1 for every 0.274 shares held - press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

3. Change the ASXCode from RPH to MXGN (Tools > ASXCode Changed)

Enter the old code RPH and enter the new code MXGN click OK

This completes the transaction

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NEWS Ltd change NCP to NWS

The News Corp reconstruction is at 1 NWS for every 2 NCP held.

There are two steps:
1. The reconstruction

Select Transactions >Adjust for Bonus Issues,Splits, Cap.returns.

Select Reconstruction.

Enter the code , date and the ratio ( 1share for every 2 held )

Check the new column to ensure correct total new shares.

When correct click Make Adjustment

2. There also needs to be a code change.

To do this go to Tools >ASX Code Changed.

Enter NCP as the old code and NWS as the new code.

.This completes the transaction

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WESTFIELD RECONSTRUCTION

Click here for details

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TABCORP TAKEOVER OF TAB

On 20/9/04 TABCORP took over TAB. Each TAB shareholder received $2.10 cash and 0.20 TABCORP(TAH) shares for each TAB share held.

1. Use Transactions > Adjust Data for Issues. Select Capital Return

Enter a Capital Return, on TAB, for the total cash received (i.e. number of TAB shares held x $ 2.10)

This effectively reduces the cost base of your TAB shares

2. Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)

Enter code - TAB

Enter the date of the split - 20/9/04

Enter the ratio 0.2 for every 1 share held - press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

3. Change the ASXCode from TAB to TAH (Tools > ASXCode Changed)

Enter the old code TAB and enter the new code TAH click OK

This completes the transaction

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SUNCORP-METWAY MERGER WITH PROMINA

Each Promina(PMN) shareholder received $1.80 cash and 0.2618 Suncorp(SUN) shares for each Promina share held.
1. Use Transactions > Adjust Data for Issues. Select Capital Return
Enter a Capital Return, on Promina, for the total cash received (i.e. number of Promina shares held x $ 1.80)
This effectively reduces the cost base of your Promina shares
2. Use Transactions > Adjust Data for Issues. Select Reconstruction (or split in version 7)
Enter code - PMN
Enter the date of the split - 20/3/07
Enter the ratio 0.2618 for every 1 share held - press Enter
Transactions will appear with new share holding and old share holding
Due to rounding the new number of shares may be slightly out
Change one of the items in the new column to correct the difference
When correct click Make Adjustments
3. Change the ASXCode from PMN to SUN (Tools > ASXCode Changed)
Enter the old code PMN and enter the new code SUN click OK
This completes the transaction

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AMP DEMERGER

Stex Portfolio does not have a specific routine to handle this demerger but the following workaround should be adequate, however, due to the complexity of this particular restructuring we suggest you seek advice from your financial adviser/accountant:-

(Before carrying out this procedure we recommend you make a duplicate copy of your portfolio(s) i.e. Tools>Make Duplicate Portfolio for reference)

1. Calculate your entitlement of HHG shares
29.1947766% of your AMP shares x $5.9142238
example: If you have 1000 AMP
29.1947766% = 291.9 shares x $5.9142238 = $1726.36

2. Reduce the cost of your AMP holding by the value calculated
Enter a Capital Return on AMP for your entitlement eg $1726.36
This effectively reduces the cost base of your AMP shares

3. Enter your new holding of HHG shares as a BUY transaction
Number of units will be same as the number of AMP units you hold eg 1000
Unit Price = Value of entitlement / Number of HHG units
eg 1726.36 / 1000 = 1.72636

So the BUY transaction for this example will be
HHG 1000 shares @ 1.72636 = $ 1726.36

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TABCORP TAKEOVER OF JUPITERS

1. Enter a SELL transaction for the amount of shares you received cash for at $5.25 per share

2. For the shares converted into Tabcorp shares clickTransactions > Adjust Data for Bonus Issues, Splits etc and select Split or Reconstruction. Enter relevant details using a ratio of 0.525 shares for every 1 share held. Check the NEW holdings column is for the correct amount. If not change to the right figure

3.When all figures are correct click Select All>Make adjustments

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BHP STEEL

BHP issued 1 BHP Steel share for every 5 BHP shares held to be priced
at a rate of 5.063% of the cost base of each BHP share.

To show you how to calculate the cost for your BHP Steel shares and the
consequent reduction in the cost base of your BHP shares we have used
and example using 1000 BHP shares at a total cost of $10260
(However you will need to determine your actual holdings and total
cost of BHP shares at the time of issue of BHP Steel - below is an example only)

In our example the average cost per BHP share is $10260 /1000 = $10.26 therefore
BHP Steel cost is (5.063 / 100) x 10.26 x 5 = $2.59 per share

The number of BHP Steel shares issued (1 for 5) = 1000 / 5 += 200 @$2.59 = $518

1. Enter a BUY transaction for 1000 BHP Steel shares @ $2.59 (total cost $518)
2. Do a Capital Return on BHP for $518 (i.e. click Transactions > AdjustData for Issues, Splits, etc.
and enter the appropriate Capital return.)

Remember to use your own figures to do this transaction correctly.

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WMC DEMERGER

There is no direct way of handling this but we have come up with with a work-around. (The example below will show you the method you can use but you will need to calculate using your holding & total cost)

For this example:-

You have a holding of WMC shares - 2500 shares at a total cost of say $ 18750

Those shares will be converted to 2500 AMC (Alumina) shares

You will receive a further 2500 WMR (WMC Resources) shares at no cost to you

The cost break-down is 53.7% to Alumina and 46.3% to WMC Resources

Therefore:- Enter a sale for your holding in WMC at the cost originally paid eg sell 2500 for a total cost of $ 18750

This wipes out WMC at no profit or loss

Calculate the percentage break-downs (AWC) 18750 x .537 = $ 10068.75 (WMR) 18750 x .463 = $ 8281.25

Total overall cost remains $ 18750.00

Enter a Buy (at the original WMC buy date) for AMC 2500 for a total cost of $ 10068.75

Enter a Buy (at the original WMC buy date) for WMR 2500 for a total cost of $ 8281.25

When entering the transactions make a note in the "Details/Memo" section eg. WMC demerger

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CSR SPLIT

You get 1 share in Rinker for every CSR share held
The cost base for CSR is split 25% to CSR and 75% to Rinker (RIN)

So

Calculate the current cost of your current holding of CSR shares (the easiest way to do this is to display a current status report and look on the CSR line - total units held and total cost will be the figures to use as below)

Calculate 75 % of the total cost of CSR

Apply a Capital Return on CSR for the 75% figure
Then enter a Buy Transaction for RIN for the number of shares you hold in CSR at a total cost of 75% as calcuated above

This leaves 25% as CSR and 75% as RIN

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BRAMBLES ADDITIONAL SHARE ISSUE

Made in connection with the combination of Brambles with the support services activities of GKN plc by way of a dual listed companies structure.

Brambles shareholders received 3.1287 additional Brambles Shares for every existing Brambles share held.

Use Transactions > Adjust Data for Bonus Issues, Splits etc Select Split

Enter code for Brambles ( BIL )

Enter the date of the split

Enter the ratio 3.1287 for 1 and press Enter

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

This completes the transaction

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WESFARMERS TAKEOVER OF HOWARD SMITH

$13.25 plus 2 Wesfarmers' shares for every 5 Howard Smith Shares

Use Transactions > Adjust Data for Bonus Issues, Splits etc

Enter a Capital Return on SMI equal to the total cash amount received ( $total = number of SMI shares divided by 5 x $13.39 e.g. 2000 shares / 5 = 400 x $13.39 = $5256).

Then enter a Split 1 to 5

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

After the adjustment is made Click Tools > ASX Code Changed

Change the code from SMI to WES

This completes the transaction

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MAYNE TAKEOVER OF FAULDING

Option 1

2.344 Mayne shares for each Faulding share (eg. 1000 Faulding shares become 2344 Mayne shares)

Use Transactions > Adjust Data for Bonus Issues, Splits etc

Enter the Split 2.344 for 1

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

After the adjustment is made the code needs to be changed.

Click Tools > ASX Code Changed

Change the code from FHF to MAY

This completes the transaction

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Option 2

1.239 Mayne shares plus A$ 6.50 for each Faulding share (eg. 1000 Faulding shares become 1239 Mayne shares and a capital return of A$ 6500)

Use Transactions > Adjust Data for Bonus Issues, Splits etc

Enter a Capital Return on FHF equal to the total cash amount received ( eg 6500 in the above example).

Then enter a Split 1.239 to 1

Transactions will appear with new share holding and old share holding

Due to rounding the new number of shares may be slightly out

Change one of the items in the new column to correct the difference

When correct click Make Adjustments

After the adjustment is made Click Tools > ASX Code Changed

Change the code from FHF to MAY

This completes the transaction

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