And some important information for User Warren ...
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The distribution in specie of SSI’s GCN shares to SSI shareholders was conditional upon receiving a favourable ATO ruling in relation to demerger tax relief for SSI shareholders and SSI itself. After many months of investigation we have been informed that the ATO will decline to provide a ruling. With an uncertain tax outcome if the distribution were to proceed, the SSI Board will need to reconsider what action to take moving forward. This could involve a merger or acquisition transaction. ;-)
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The distribution in specie of SSI’s GCN shares to SSI shareholders was conditional upon receiving a favourable ATO ruling in relation to demerger tax relief for SSI shareholders and SSI itself. After many months of investigation we have been informed that the ATO will decline to provide a ruling. With an uncertain tax outcome if the distribution were to proceed, the SSI Board will need to reconsider what action to take moving forward. This could involve a merger or acquisition transaction. ;-)
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