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Tax considerations following the unbundling of MIX shares
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Tax considerations following the unbundling of MIX shares
Tax considerations following the unbundling by Control Instruments of shares that it received in TeliMatrix (subsequently renamed MiX Telematics) Limited.
Control Instruments shareholders are referred to the circular dated 13 September 2007 (“circular”) setting out the details of the listing of TeliMatrix Limited (“TeliMatrix”) and the subsequent unbundling of the TeliMatrix shares by Control Instruments.
TeliMatrix was listed and commenced trade on the JSE Limited with effect from the opening of business on Monday,
12 November 2007. The TeliMatrix shares were unbundled by Control Instruments on the same day and the settlement of the unbundling entitlement was credited to dematerialised shareholders’ accounts or posted to certificated shareholders on Monday, 19 November 2007.
The purpose of the document below is to provide a summary of the taxation implications of the unbundling of the TeliMatrix shares by Control Instruments.
2007 11 16 TeliMatrix - Calulation of CGT.pdf (28k)
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