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05 October 2024
| Name: | CENTRAL PACIFIC MINERALS NL (CPM) |
| Date of Delisting: | 22 March 2002 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 22 March 2002.Legal Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. We have not therefore verified the current legal status of this entity. If you have questions about your shareholding, as we say elsewhere, they may be taken up here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. You will need to seek independent tax advice in relation to Capital Gains Tax or other tax matters but any other enquiries relating to your shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Scheme of arrangement with Southern Pacific Petroleum NL | 22/03/2002 |
we understand the merger of the two companies was effected through schemes of arrangement whereby each ordinary share in CPM exchanged for 2.664 ordinary shares in SPP, each contributing share in CPM exchanged for 2.664 contributing shares in SPP, each equity participation share in CPM exchanged for 2.664 equity participation shares in SPP and the terms of the convertible notes were amended so that upon conversion of each note the noteholder was issued 2.664 ordinary shares in SPP - the scheme included a feature allowing shareholders in CPM to defer their exchange into SPP shares for up to 10 years - shareholders who elected to defer participation can, at any time, exchange their CPM securities for SPP securities on the same terms as the original scheme, with a compulsory exchange after 10 years - this was a complex scheme and shareholders and noteholders are advised to check the details with SPP | 22/03/2002 |
Scheme of arrangement with Southern Pacific Petroleum NL | 22/03/2002 |
we understand the merger of the two companies was effected through schemes of arrangement whereby each ordinary share in CPM exchanged for 2.664 ordinary shares in SPP, each contributing share in CPM exchanged for 2.664 contributing shares in SPP, each equity participation share in CPM exchanged for 2.664 equity participation shares in SPP and the terms of the convertible notes were amended so that upon conversion of each note the noteholder was issued 2.664 ordinary shares in SPP - the scheme included a feature allowing shareholders in CPM to defer their exchange into SPP shares for up to 10 years - shareholders who elected to defer participation can, at any time, exchange their CPM securities for SPP securities on the same terms as the original scheme, with a compulsory exchange after 10 years - this was a complex scheme and shareholders and noteholders are advised to check the details with SPP | 22/03/2002 |
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