How to handle the Tatts Group and Tabcorp merger

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Sharesight makes it easy for investors to handle corporate actions (even complicated mergers) and track the capital gains tax implications. The benefit of using Sharesight to track the Tatts Group (TTS) and Tabcorp (TAH) merger also ensures that you maintain an accurate record of your portfolio performance.

1 – On the Portfolio Overview Page, click on Tatts Group (TTS.ASX) to go to the Individual Holding Page.

Tatts Group and Tabcorp merger step 1

2 – Click ‘Enter a new Trade or Adjustment’.

Tatts Group and Tabcorp merger step 2

3 – On the pop-up window, select ‘Return of Capital’ from the transaction type dropdown.

Tatts Group and Tabcorp merger step 3

Based on the Tatts Offer - Scheme of Arrangement: Merger page, set the:

4 – ‘Paid On Date’ : 22 November 2017

5 – ‘Date of trade’: 22 November 2017

6 – ‘Capital Returns Value’: ($0.265 multiplied by the number of TTS shares held on Scheme Record Date)

7 – ‘Comment’: Tatts and Tabcorp merger. The Scheme Record Date is 22 November 2017.

8 – Choose a file: to help keep your records in order, you can attach the Separation Scheme Implemented letter.

9 – Click ‘Save this trade’.

Tatts Group and Tabcorp merger step 4 - 9

Example If you owned 200 shares of TTS as of the Scheme Record Date, the Capital Return Value is $53.00 = 200 TTS shares x $0.265.

Tatts Group and Tabcorp merger - Example step 4 - 9

10 – Click on ‘Holding Settings’.

Tatts Group and Tabcorp merger step 10

11 – Click on ‘Merge this holding’.

Tatts Group and Tabcorp merger step 11

12 – On the Merge Holding pop-up window, set the ‘Date of Merger’ as 22 November 2017.

Tatts Group and Tabcorp merger step 12

13 – Type ‘Tabcorp’ or ‘TAH’ in the search field and select ‘ASX:TAH Tabcorp Holdings Ltd’ from the dropdown list.

Tatts Group and Tabcorp merger step 13

14 Type in the ‘Quantity’ field: (0.8 multiplied by the number of TTS shares held on Scheme Record Date)

Example If you owned 200 TTS as of the Scheme Record Date, the Quantity is 160 = 200 Tatts shares x 0.8 Tabcorp shares.

Tatts Group and Tabcorp merger step 14

15 – In the ‘Comments’ field, type a note for your reference of why this merger happened.

16 – Choose a file: to help keep your records in order, you can attach the Separation Scheme Implemented letter.

17 – Click ‘Save changes’.

Tatts Group and Tabcorp merger step 15 - 17

The Tabcorp Individual Holding Page will load with the merged shares added.

Tatts Group and Tabcorp merger - Tabcorp

The Tatts Group holding will still appear on your Portfolio Overview Page when you have enabled the Open & Closed Positions setting.

Tatts Group and Tabcorp merger - Tatts holding

The guide above is a suggestion on how to handle the corporate action in Sharesight and is not finance or tax advice. We advise you to consult your financial advisor or accountant. We also encourage you to review the official documents for full details.

Last modified on March 13, 2018 UTC