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

The benefit of using Sharesight to track the TPG Telecom (TPG) and Vodafone (VHA) merger and Tuas (TUA) spin-off also ensures that you maintain an accurate record of your portfolio performance.

Summary

On 30 August 2018, TPG and VHA announced that they had entered into a Scheme Implementation Deed under which the companies agreed a proposed merger of equals to establish Australia’s leading challenger full-service telecommunications provider. Eligible TPG shareholders will receive:

• A special dividend of $0.516 per share.
• One Tuas Limited Shares (TUA) for every two TPM shares held, issued by way of a non-cash in-specie dividend of $0.6799 per Tuas share.
• One share of the Merged Co (TPG) for each TPG (TPM) share held.

As the special dividend is automatically handled by Sharesight, below are the steps to record Tuas and TPG.

Add Tuas Limited to your portfolio:

1 - Click Add New Holding button.

2 - Type Tuas Limited or TUA in the search field and select ASX:TUA from the dropdown list.

3 - Trade date: ‘13 July 2020

4 - Input Quantity as one Tuas Limited Share to every two TPM Shares.

Example

If you own 1000 TPM Shares as of the Record date - received 500 TUA Shares from the spin-off.

5 - Unit/Share price: $0.6799

6 - Click Save trade button.

TPG Vodafone Merger:

7 - Click on TPG Telecom Limited, TPM on the Portfolio Investments Page, to go to the Individual Holding page.

8 - Click on the Holding Settings tab.

9 - Click the Merge this holding button.

10 - On the Merge Holding pop-up window, set the Date of Merger as 13 July 2020.

11 - Type TPG Telecom Limited or TPG in the search field and select ASX:TPG from the dropdown list.

12 - Type in the Quantity field: (i.e one TPG Telecom Limited (TPG) share for every TPM share held on the Record Date).

Example:

If you own 1000 TPM Shares as of the Record date - received 1000 TPG Shares.

13 - Click Save changes.

The guide above is a suggestion on how to handle the corporate action in Sharesight and is not financial 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.