ATO Class Ruling on Return of Capital

The Board of Metgasco Limited (Metgasco” or Company) is pleased to advise that the Australian Taxation Office (ATO) has published a final Class Ruling (CR 2016/93) in relation to the Company’s Return of Capital which was completed on 16 November 2016.

The Class Ruling confirms that no portion of the Return of Capital payment will be deemed to be a dividend.

The Class Ruling is attached and can be viewed on the ATO’s website at: https://www.ato.gov.au/law/#Law and enter “CR 2016/93”.

Taxation implications for a shareholder with respect to the Return of Capital payment may vary depending on a shareholder’s individual circumstances. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Return of Capital payment and Class Ruling based on their individual circumstances.

ENDS

For more information contact: 

Alexander Lang, Executive Chairman

Phone: +61 02 9923 9100

CONTACT US

North Sydney Office
Level 3, 2 Elizabeth Plaza
North Sydney NSW 2060

Tel: +61 2 9923 9100
Fax: +61 2 9959 5387

Metgasco Limited  ACN 088 196 383