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.
Alexander Lang, Executive Chairman
Phone: +61 02 9923 9100