St Barbara will now proceed with the in-specie distribution of all of the 205 million Genesis shares received as part consideration for the Asset Sale to eligible St Barbara shareholders and the sale agent ('In-specie Distribution').
The Company has applied for a class ruling from the ATO to confirm certain income tax implications in respect of the In-specie Distribution for St Barbara shareholders. An announcement will be made once the class ruling is received. The Company has lodged an updated Appendix 3A.5 which sets out the estimated dates, distribution ratio and other information relevant to the In-specie Distribution. Some of the key items are listed below:
Sale facility
The relevant Genesis shares to which ineligible St Barbara shareholders are entitled will be transferred to the sale agent to be sold in accordance with the process set out in the Explanatory Booklet. St Barbara has appointed
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