Please find attached General Guidance for Shareholders on Apportionment of Cost of Acquisition pursuant to the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited
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Prima Plastics Ltd has issued shareholder guidance on cost allocation methodology following a scheme of arrangement with its subsidiary Prima Innovation Limited. The document provides instructions on how shareholders should apportion the original cost of acquisition of shares between Prima Plastics and the new entity post-restructuring. This is a standard compliance requirement for schemes involving capital reorganisation where original share costs need to be split between the demerged/resulting companies for capital gains computation purposes. The filing confirms the scheme is in progress and provides tax/administrative guidance to shareholders.
This filing indicates the corporate restructuring between Prima Plastics and Prima Innovation is proceeding as per the approved scheme. Shareholders should maintain records of the cost apportionment for future tax filings. The stock may see increased volatility as the market absorbs details of the restructuring completion.