Qube Share Buy-Back
For all details regarding the Qube Share Buy-Back, please visit: Qube Buyback website.
NZ Tax Implications for Certain Shareholders
As set out in section 2.5 of the Off-Market Buy-Back Booklet, Qube made an application to the New Zealand Commissioner of Inland Revenue to confirm the tax treatment of the Buy-Back Price for certain New Zealand tax resident Eligible Shareholders. New Zealand’s Inland Revenue has now provided its confirmation, a consequence of which is that where the voting interest of an Eligible Shareholder is reduced by 15% or more (in accordance with the methodology set out in section 2.5 of the Buy-Back Booklet), the Buy-Back Price should not be treated as a dividend for New Zealand income tax purposes.
Qube FY22 Interim Financial Report
The Qube FY22 Interim Financial Report is available here: Qube’s FY22 Interim Financial Report
FINAL ATO CLASS RULING
The ATO has now issued its final and binding Class Ruling on the tax consequences for shareholders who participated in the buyback. The ruling is available here.