Handling the correction needed to the Westfield corporate actions

Last month we sent you an email to help you handle the Unibail-Rodamco Acquisition of Westfield Corporation. Since we sent that email more documentation has been released that means the corporate action has to be handled differently within Sharesight.

We have created this step by step guide to help you make the changes needed in your Sharesight portfolio. We’re sorry for the inconvenience.

1 – On the Portfolio Overview Page, click on Westfield Corp (WFD.ASX) to go to the Individual Holding Page.

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2 – Click ‘Merge (Cancel)’ trade.

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3- Click ‘Delete this trade’ button.

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4 - Click ‘Delete’ button on the warning popup.

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5 - Click ‘Adjust Cost Base’ trade.

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6 - Click ‘Delete this trade’ button.

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7- Click ‘Delete’ button on the warning popup.

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8 - In WFD holding page, click ‘Enter a new Dividend’.

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Based on the OneMarket Demerger Booklet, set the:

9 - ‘Paid On’: 07 June 2018

10 - ‘Ex-Date’: 01 June 2018

11 - ‘Unfranked Amount’: AU$0.0677 x number of WFD shares held on Scheme Record Date

12 - ‘Comment’: Demerger of OnMarket Limited from Westfield Corporation. Scheme record date is 01 June 2018.

13 - Choose a file: to help keep your records in order, you can attach the Cost Base Information.

14 - Click ‘Save new payment’ button.

Example: If you owned 200 shares of WFD as of the Scheme Record Date, the dividend payment: AU$13.54 = 200 WFD shares x AU$0.0677.

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Westfield Corporation merge with Unibail-Rodamco

15 - Click on ‘Holding Settings’ tab with the Westfield Corp Individual Holding Page.

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16 - Click on ‘Merge this holding’ button.

If you elected for Unibail-Rodamco CDIs on the ASX stock exchange:

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17 - On the Merge Holding popup window, set the ‘Date of Merge’ as 01 June 2018.

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18 - Click the ‘edit’ link

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19 - Type the ‘Market price of cancelled holding’ as 5.32

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20 - Type Unibailrodawestfield or ‘URW’ in the search field and select ‘ASX:URW Unibailrodawestfield’ from the dropdown list.

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21 - Type in the ‘Quantity’ field: (0.018¹ x WFD shares held on Scheme Record Date x 20 CDIs²)

¹ Rounding from 0.01844. The number of New Unibail-Rodamco Stapled Shares underlying the New Unibail-Rodamco CDIs that a Westfield Securityholder is entitled to receive is subject to rounding.

² Based on an exchange ratio of 20 New Unibail-Rodamco CDIs for each New Unibail-Rodamco Stapled Share that a Westfield Securityholder is entitled to receive.

Example: If you owned 200 WFD as of the scheme record date, the quantity is 72 = 200 x 0.018 URW shares x 20 CDIs*.

22 - In the ‘Comments’ field, type a note for your reference for why this acquisition happened.

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

24 - Click ‘Save changes’.

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OneMarket Demerger

25 - On the Portfolio Overview Page, click on Onemarket (OMN.ASX) to go to the Individual Holding Page.

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26 - Click ‘Opening Balance’ trade

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27 - The ‘Average cost per share’ is $1.35

To workout the ‘Cost Base’ calculate AUD$1.3527 x number of OMN shares held on Scheme Record Date= Your Cost base

Example: If you owned 10 OMN as of the scheme record date, the ‘Cost base’ is $13.527 = 200 WFD shares / 20 = 10 OMN Shares x AUD$1.3527

Onemarket - edir trade

28 - Type ‘Quantity’ as 1 OneMarket share for every 20 Westfield shares’ they hold as at the Demerger Record Date.

“If, as a result of this calculation, the number of OneMarket Shares is not a whole number, the number will be rounded up to the nearest whole number of OneMarket Shares.” As stated in the Demerger Booklet

29 - Click ‘Save this holding’.

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Last modified on August 23, 2018 UTC