SCRIP FOR SCRIP ROLLOVER RELIEF UNDER REDOMICILIATION CONFIRMED BY AUSTRALIAN TAXATION OFFICE
8 March 2010
Unilife Corporation (Unilife or the Company) (ASX:UNS) is pleased to advise shareholders that the Australian Taxation Office (ATO) has now issued Class Ruling CR 2010/6 (Class Ruling) in connection with the redomiciliation of the Unilife group in the United States.
Under the Class Ruling, the ATO has provided confirmation that Australian security holders of Unilife Medical Solutions Limited (UMSL) (as described in the Class Ruling) will be eligible for scrip for scrip capital gains tax roll-over relief with respect to the exchange of their shares and standalone options in UMSL for replacement securities in the Company as part of the redomiciliation. This ruling is consistent with the Company's request to the ATO and also the expectations as described in the Information Memorandum that was sent to all security holders for the Scheme Meetings.
Further details of the tax implications arising in relation to the exchange of shares and options in UMSL for equivalent securities in Unilife are set out in section 9 of the Information Memorandum which was prepared in connection with the redomiciliation.
Security holders should seek their own independent tax advice having regard to their individual circumstances prior to relying on the tax information contained in the Class Ruling and Information Memorandum.
View a copy of the Information Memorandum here.
The FAQ set out below relates to the ATO Class Ruling with respect to the replacement of shares and standalone options (including options issued in connection with the 2009 placement) on the redomiciliation.
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|Date||May 24, 2013|
|Time||4:00 PM ET|
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