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08 November 2024
Name: | GOLDEN SHAMROCK MINES LIMITED (GSM) | ||||||||||||
Date of Delisting: | 25 October 1996 | ||||||||||||
Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 25 October 1996.Legal Status:
This entity was delisted more than twenty years ago and we have not yet verified its current legal status. It may well have ceased to exist. If you are still a shareholder or have questions about a shareholding in this entity, they may be taken up with us here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
This company was delisted more than 20 years ago. We are no longer monitoring its status for Capital Gains Tax (CGT) purposes, but if you have a question relating to CGT please email us to admin@delisted.com.au. Any other enquiries relating to a 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Company | FROM | TO |
---|---|---|
GOLDEN SHAMROCK MINES LIMITED | 28/07/1983 | |
WESTATE INDUSTRIES LIMITED | 29/02/1972 | 28/07/1983 |
WESTATE ELECTRICAL INDUSTRIES LIMITED | 30/11/1960 | 29/02/1972 |
WESTATE TUBE AND ENGINEERING COMPANY LIMITED | 30/11/1960 |
Removed from the Official List following the merger between the Company and Ashanti Goldfields Company Limited by way of Scheme of Arrangement | 25/10/1996 |
we are uncertain of some of the terms of the merger and would appreciate details to admin@delisted.com.au from anyone who has that knowledge - we believe Ashanti was to make cash payments over a five year period to GSM shareholders and debenture holders totalling US$37.5 million in five equal annual amounts of US$7.5 million commencing on 31 March 1998 - for GSM shareholders that translated to an annual payment of approximately A$0.036 per GSM share (at then current exchange rates of US$0.79/A$1.00), and approximately A$0.182 per GSM share in total - for GSM debenture holders this translates to an annual payment of approximately US$40 per GSM debenture of US$1,000 and approximately US$200 per GSM debenture in total - option holders were not participating in the deferred payments | 25/10/1996 |
we understand the schemes of arrangement and the reduction of capital with respect to the merger took effect on or about 21 October 1996 and GSM's ordinary shares and debentures ceased trading prior to the commencement of trading the following day - closing time for determining entitlements to the Ashanti consideration was 10.00 pm on or about 30 October 1996 and the despatch of the Ashanti consideration to holders of GSM Shares, Debentures and Options was effected on or about 4 November 1996 | 25/10/1996 |
name changed from Westate Industries Limited | 28/07/1983 |
Removed from the Official List following the merger between the Company and Ashanti Goldfields Company Limited by way of Scheme of Arrangement | 25/10/1996 |
we are uncertain of some of the terms of the merger and would appreciate details to admin@delisted.com.au from anyone who has that knowledge - we believe Ashanti was to make cash payments over a five year period to GSM shareholders and debenture holders totalling US$37.5 million in five equal annual amounts of US$7.5 million commencing on 31 March 1998 - for GSM shareholders that translated to an annual payment of approximately A$0.036 per GSM share (at then current exchange rates of US$0.79/A$1.00), and approximately A$0.182 per GSM share in total - for GSM debenture holders this translates to an annual payment of approximately US$40 per GSM debenture of US$1,000 and approximately US$200 per GSM debenture in total - option holders were not participating in the deferred payments | 25/10/1996 |
we understand the schemes of arrangement and the reduction of capital with respect to the merger took effect on or about 21 October 1996 and GSM's ordinary shares and debentures ceased trading prior to the commencement of trading the following day - closing time for determining entitlements to the Ashanti consideration was 10.00 pm on or about 30 October 1996 and the despatch of the Ashanti consideration to holders of GSM Shares, Debentures and Options was effected on or about 4 November 1996 | 25/10/1996 |
name changed from Westate Industries Limited | 28/07/1983 |
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