I have received a notification that, on 25 August 2021, eligible Galaxy shareholders have been issued 0.569 Orocobre shares for each Galaxy share held. These shares were to commence trading on the ASX on 26 August 2021.
There is no indication in the advice as to the value of each Orocobre share on allotment.
Can anyone help me understand how I record this in Sharesight please?
Also what will be my Orocobre cost base if I sell these shares? The price I paid for the Galaxy shares? Or the value of the Orocobre shares on allotment? If the latter, how do I determine this?
Am I considered to have held these shares from the Galaxy purchase date or the merger date?
Many thanks for your help.