deListed Australia
25
YEARS 2001–2026

Celebrating 25 Years in Business

Thank you for being part of our development since September 2001. With your ongoing support, we look forward to many exciting years ahead.

BURSWOOD PROPERTY TRUST (ASX.BSD)

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delisted pursuant to Listing Rule 17.11 at the Company's request

23/12/1997

we understand agreements were concluded which enabled the Trust to take direct operational control of the Burswood Hotel and Casino - $123 million was raised by the issue of equity to Metroplex Berhad to fund the restructuring - the Trust was corporatised by the exchange of Units in the Trust for shares (on a one for one basis) in a new company, Burswood Limited - evidently there was also a distribution of 2.5 cents per unit paid out of the Asset Revaluation Reserve and therefore unfranked - while tax free for income tax purposes it reduced the indexed cost base of units for capital gains tax purposes

23/12/1997
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