Red 5 Limited (AU:RED) has released an update.
Red 5 Limited has announced that the Australian Taxation Office issued a Class Ruling confirming the tax implications for shareholders involved in the Silver Lake Resources Limited share disposal under the recent Scheme of Arrangement. This ruling affirms the details provided in the Scheme Booklet regarding Capital Gains Tax and offers scrip for scrip roll-over relief to eligible Australian shareholders, allowing them to defer capital gains tax on the exchange of shares.
For further insights into AU:RED stock, check out TipRanks’ Stock Analysis page.
