How to handle Heartland Bank Limited restructure

Content also available for tax entities or on our global site.

Sharesight makes it easy for investors to handle corporate actions (even complicated acquisitions) and track the capital gains tax implications.

By using Sharesight to track the restructuring of Heartland Bank Limited (HBL) you maintain an accurate record of your portfolio performance.

1 – Click on Heartland Bank Limited, HBL on the Portfolio Overview Page, to go to the Individual Holding Page.

1 - HGH

2 – On the Heartland Bank Individual Holding Page, click on ‘Holding Settings’ tab.

2 - HGH

3 - Click on ‘Merge this holding’ button.

3 - HGH

4 - On the Merge Holding popup window, set the ‘Date of Merger’ as 30 October 2018.

4 - HGH

5 - Type ‘Heartland Group Holdings Limited’ or ‘HGH’ in the search field and select ‘NZX:HGH’ from the dropdown list.

5 - HGH

6 - Type in the ‘Quantity’ field: (1 Heartland Group Holdings Limited (HGH) share for every 1 HBL share held on the Record Date)

Example

If you owned 1000 shares of HBL as of the Record Date, the Quantity for HGH: 1000

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

8 - Choose a file: to help keep your records in order, you can attach the Memorandum letter.

9 - Click ‘Save changes’.

6 - 9 - HGH

The Heartland Group Holdings Limited Individual Holding Page will load with the merged shares added.

10 - HGH

The Heartland Bank Limited will still appear on your Portfolio Overview Page when you have enabled the Open & Closed Positions setting (include sold 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 November 12, 2018 UTC