Merger of AMP Limited and AXA Asia Pacific Holdings Ltd

General News: 23 March 2019

On 30 March 2011, AXA merged with AMP.

AXA ordinary shareholders received 0.73 fully-paid ordinary shares in AMP and $2.5464 cash for each ordinary share they held on 16 March 2011.

AXA also paid a final unfranked dividend of 9.25 cents per ordinary share.

The market value of each AMP share received by AXA shareholders is $5.32.

Are there any tax consequences for me?

There are three consequences:

• The disposal of your AXA shares may have resulted in a taxable capital gain to be included in your 2010-11 tax return
• You need to determine the cost base of your new AMP shares
• You must include the final dividend from AXA in your 2010-11 tax return.

Scrip for scrip rollover may be available to enable you to defer the realization of a taxable capital gain in respect of that part of the transaction involving the receipt of the AMP shares. Rollover relief is not available for the cash component.

Please note: The information in this article is provided for general information purposes only and does not constitute legal advice. It is not intended to be comprehensive or to apply to any specific circumstances. You should seek independent legal advice before acting on any information contained in this article.