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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Thinksmart Limited | LSE:TSL | London | Ordinary Share | AU000XINEAE8 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 28.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTSL
RNS Number : 6607S
ThinkSmart Limited
22 December 2016
22 December 2016
ThinkSmart Limited
Buy-Back Tender - Australian Taxation Office Class Ruling Published
ThinkSmart Limited (ThinkSmart or the Company) confirms that it has now received a Class Ruling from the Australian Taxation Office (ATO) regarding the Company's off-market share buy-back (Buy-Back Tender), which completed on 7 November 2016.
The Class Ruling details the Australian income tax treatment for certain shareholders who participated in the Company's Buy-Back Tender. In summary, for relevant shareholders who had their shares bought back in the Buy-Back Tender, the Class Ruling confirms that the Buy-Back Price comprised an unfranked dividend component for income tax purposes, as well as a capital component for capital gains tax purposes.
The Class Ruling has now been published and can be viewed on the web site of the ATO https://www.ato.gov.au/law/view/pdf/pbr/cr2016-096.pdf
The above comments are not tax advice. If shareholders who had their shares bought-back in the Buy-Back Tender have any queries regarding the tax treatment of the Buy-Back Tender, ThinkSmart strongly advises they obtain specific tax advice on the tax treatment of the Buy-Back Tender, taking into account their own specific circumstances.
For further information please contact:
ThinkSmart Limited Via Instinctif Partners Ned Montarello Canaccord Genuity (Nominated Adviser, Financial Adviser and Joint Broker) +44 (0)20 7523 8350 Sunil Duggal David Tyrrell Andrew Buchanan Richard Andrews Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900 Charles Batten Guy Wiehahn Rishi Shah Instinctif Partners +44 (0)20 7457 2020 Giles Stewart/Mike Davies Cannings Corporate Communications (for Australian enquiries) +61 (0)2 8284 9993 Michael Mullane
About ThinkSmart Limited
ThinkSmart Limited is a leading provider in the UK of retail point-of-sale lease finance for high-volume small-ticket electronic and commercial equipment. The Group provides both B2B and B2C point-of-sale lease finance, primarily through its longstanding relationship with Dixons Retail and its new relationship with Carphone Warehouse. The Group's product offering is underpinned by a proprietary, innovative and scalable technology platform, SmartCheck. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications. As at 30 June 2016 the Group had approximately 59,000 live customer contracts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 22, 2016 11:42 ET (16:42 GMT)
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