Sorted - followed the “You receive shares only in new company
– Use Merge this holding” instructions - thanks team
Seconded!
A bit behind the ball here. But how do I handle the DDH1 / Perenti merger/acquisition in Sharesight?
Received this excellent advice that solved my problem from the ShareSight customer support team:
To record this, you have to use the merge feature to convert your JPS shares to JPC shares at the ratio of 1 JPS : 0.989 JPC. Record date would be 03 November 2023.
Let me know if you need any further support on this.
Hi, Can you please explain how to handle the following merger within sharesight?
AUY.NYS (Yamana Gold) has been merged (Takeover) with the following details.
For each share:
Cash = $1.0406 (USD) Paid by AEM.NYS (Agnico Eagle)
Share = 0.0376 shares of AEM.NYS (Agnico Eagle)
Share = 0.1598 shares of PAAS.NYS (Pan American Silver)
I still own the AEM.NYS and PAAS.NYS
I couldn’t find any examples that match the above.
Thanks for your help
Hi, please explain how to handle the XOM and PXD merger.
Hi @jan.blyme_shares, according to the announcement "Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. "
Assuming cost base rollover is allowed (please read the merger details), you just need to use the ‘merge function’ in PXD to convert it to XOM and enter the quantity you received.
How do I handle the takeover of ASX:BLD by ASX:SVW. I am eligible for partial scrip-for-scrip CGT rollover as ASX:SVW has acquired 80+% of ASX:BLD. Note it is a partial scrip-for-scrip rollover because I received cash of $1.70 per share plus shares in ASX:SVW.
Thanks.
Hello. Could you help me with the delisting of DCN and the issuing of GMD shares. Thanks
Hi, Can you please advise how best to handle the TAST Acquisition (cash) from 16May24. Thanks
Hi @user13 sorry about the delayed response.
You have to add a return of capital entry for Boral at $$1.44 per share and use the merge feature to convert Boral to SVW at the ratio 1 Boral : 0.1116 SVW Shares.
You also have to add a dividend for Boral at $0.26 per share. Record date for the transaction is 18 April 2024.
Please get in touch with our support if you need any further support on this.
Hi @Frank sorry about the delayed response.
You have to use the merge feature to transfer your DCN shares to GMD at the ratio 1 DCN : 0.1935 GMD Shares.
Record date for the transaction is 17 November 2023.
Please get in touch with our support if you need any further support on this.
Hi @Rugby could you please share more details about this corporate action with us? It will be great if you can share any published links with details.
Hi,
I think these links cover it.
Thanks
I’m thinking the merger of BSE Base Resources with Energy Fuels Inc listed on AMEX exchange. Result was special dividend and issue of Energy Fuels Inc shares. Apart from the how-to, I wonder if Sharesight would track holdings of AMEX listings? The special dividend would have come through but not the acquired Energy Fuels shares.
Hi @GRSlowly you have to use the merge feature to transfer your Base Resources shares at the ratio of 0.0260 Energy Fuels Shares per Base Resources share. Record date of the corporate action was on 02 Oct 2024.
Hi, could I have advice on how to handle the scheme of arrangement of Southern Cross Gold (SXG) where it has now become Southern Cross Gold consolidated, trading as CDIs on the ASX with the ticker SX2. I think it was effective 28 Jan 2025 on the ASX?
Hi, please advise how to handle the recent ASX:PMV & ASX:MYR corporate action as someone who owns PMV shares.
Thanks.
ASX:PMV & ASX:MYR corporate action
Hello. After reading the documents - this is what I did…
Background
- Eligible Shareholders will receive an in specie distribution of 7.2021 Myer Shares for every 1 Premier Share (rounded down) held as at the Distribution Record Date
- The MYR shares have a cost base equivalent to $6.46 per PMV share
- The in-specie distribution from PMV of the MYR shares consists of Capital reduction equivalent to $0.81 per PMV share held and a franked Dividend of $5.65 per PMV share (0.81+5.65=6.46)
Another way to say this is - instead of getting $6.46 cash per share from PMV, they are distributing MYR shares. There is no change in the number of PMV shares you hold after the transaction.
The $6.46 is part return of capital ($0.81) and part dividend ($5.65)
(Franking extent of dividend will be announced later in Feb 25)
Capital reduction
If your cost base is above $0.81/share then you just need to book a capital return equal to 0.81 x Number of PMV shares.
If $0.81 per share is more than your cost base per PMV share, you will make a capital gain. I’ll leave that process as I understand the price has been above 0.81 since Oct 1994.
Dividend
Book a PMV dividend equal to $5.65 x Number of PMV shares
(Calc the franking credit - extent is yet to be advised by PMV)
MYR shares
Book a buy trade for MYR shares
Number of MYR shares = Number of PMV shares x 7.2021 (rounded down)
Total cost = Number of PMV shares x $6.46
Share price = Total cost / Number of MYR shares (might need to go to 4 or more decimal places so total cost per Sharesight is correct)
Xero
If you post to xero, the Cap return plus Div should equal the MYR purchase - so amounts net to zero. I posted both sides to the same account and then manually mark them as reconciled
Example - Hold 1,000 PMV shares with $30/share cost base
PMV
- PMV distribution = 1,000 x $6.46 = $6460
- PMV Dividend = 1,000 x $5.65 = $5650
- PMV capital return = 1,000 x $0.81 = $810
- PMV new cost base = 30,000 - 810 = $29190
MYR
- MYR shares = 1000 x 7.2021 = 7202 shares
- MYR cost base = 6460
- MYR cost base per share = 6460 / 7202 = $0.90
Journals
Dr MYR shares 6460
[Cr Contra (posted to cash) -6460]
[Dr Contra (posted to cash) 6460]
Cr PMV Dividend -5650
Cr PMV Shares cost base reduction -810
Hope this helps