A T O home
Legal Database
Access the database 
Browse database
View last document
Quick access 
View legislation
View a document
PDF Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version

Class Ruling

CR 2010/14A1 - Addendum

Income tax: Seven Group Holdings Limited - Transferable Extendable Listed Yield Shares 4

Attention Please note that the PDF version is the authorised version of this ruling.
Go to notice View the consolidated version for this notice.


This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953 . It amends Class Ruling CR 2010/14 to reflect an amendment to the TELYS4 Terms that provides for the Conversion of the TELYS4.

CR 2010/14 is amended as follows:

1. Paragraph 9

(a) At the end of bullet point 5; omit ' and'.

(b) At the end of bullet point '6'; insert ';'.

(c) After bullet point 6; insert:

 TELYS4 Terms as amended and approved by the requisite majority of votes cast on the Resolution by TELYS4 Holders present and voting at the Meeting of 24 September 2018 either in person or by proxy (Amended TELYS4 Terms); and
 correspondence and explanatory material from SGH associated with the above Amended TELYS4 Terms.

2. Paragraph 26

After the paragraph; insert:

26A. Pursuant to Clause 3.11 of the Amended TELYS4 Terms:

 on 27 September 2018 (the First Conversion Date) SGH Converted all the TELYS4 that were held by a Holder at 25 September 2018, 7pm (the First Conversion Record Date) which were not validly elected for sale on the ASX under the Partial Cash Exit Opportunity that was available under clause 3.11; and
 on 4 October 2018 (the Second Conversion Date) SGH Converted all remaining TELYS4 that were held by a Holder at 2 October 2018, 7pm (the Second Conversion Record Date).

26B. Conversion is defined at paragraph 23 of this Ruling. A Conversion of a TELYS4 under clause 3.11 results in the Holder now holding one SGH share plus an allotment of 3.60645 additional SGH shares for each TELYS4 so Converted and rank equally with all other fully paid SGH shares then on issue.

26C. Where the total number of additional SGH shares to be allotted to a Holder on Conversion of their TELYS4 under clause 3.11 includes a fraction, that fraction will be disregarded.

26D. As a result of the application of clause 3.11, there are no more TELYS4 on issue in SGH as they all became SGH shares pursuant to their Conversion and rank equally with all other fully paid SGH shares then on issue.

3. References

Omit all Subject references.

This Addendum applies on and from 25 September 2018.

Commissioner of Taxation

10 October 2018


You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).


ATO references:

ISSN: 2205-5517

Business line: PGI


Top of page
More information on page