ThinkSmart Limited Buy-back class ruling (6607S)
23 December 2016 - 3:42AM
UK Regulatory
TIDMTSL
RNS Number : 6607S
ThinkSmart Limited
22 December 2016
22 December 2016
ThinkSmart Limited
Buy-Back Tender - Australian Taxation Office Class Ruling
Published
ThinkSmart Limited (ThinkSmart or the Company) confirms that it
has now received a Class Ruling from the Australian Taxation Office
(ATO) regarding the Company's off-market share buy-back (Buy-Back
Tender), which completed on 7 November 2016.
The Class Ruling details the Australian income tax treatment for
certain shareholders who participated in the Company's Buy-Back
Tender. In summary, for relevant shareholders who had their shares
bought back in the Buy-Back Tender, the Class Ruling confirms that
the Buy-Back Price comprised an unfranked dividend component for
income tax purposes, as well as a capital component for capital
gains tax purposes.
The Class Ruling has now been published and can be viewed on the
web site of the ATO
https://www.ato.gov.au/law/view/pdf/pbr/cr2016-096.pdf
The above comments are not tax advice. If shareholders who had
their shares bought-back in the Buy-Back Tender have any queries
regarding the tax treatment of the Buy-Back Tender, ThinkSmart
strongly advises they obtain specific tax advice on the tax
treatment of the Buy-Back Tender, taking into account their own
specific circumstances.
For further information please contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
Canaccord Genuity (Nominated
Adviser, Financial Adviser
and Joint Broker) +44 (0)20 7523 8350
Sunil Duggal
David Tyrrell
Andrew Buchanan
Richard Andrews
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Charles Batten
Guy Wiehahn
Rishi Shah
Instinctif Partners +44 (0)20 7457 2020
Giles Stewart/Mike Davies
Cannings Corporate Communications
(for Australian enquiries) +61 (0)2 8284 9993
Michael Mullane
About ThinkSmart Limited
ThinkSmart Limited is a leading provider in the UK of retail
point-of-sale lease finance for high-volume small-ticket electronic
and commercial equipment. The Group provides both B2B and B2C
point-of-sale lease finance, primarily through its longstanding
relationship with Dixons Retail and its new relationship with
Carphone Warehouse. The Group's product offering is underpinned by
a proprietary, innovative and scalable technology platform,
SmartCheck. Since it commenced operations in the UK in 2003, the
Group has processed in excess of 350,000 individual applications.
As at 30 June 2016 the Group had approximately 59,000 live customer
contracts.
This information is provided by RNS
The company news service from the London Stock Exchange
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