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FINDI LIMITED — Capital/Financing Update 2021
May 2, 2021
64934_rns_2021-05-02_0537a39b-ff83-40d3-9e68-a5619a968ed0.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
3 May 2021
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Return of Capital Payment
Vortiv Limited (ASX: VOR) (the Company) advises that the equal capital reduction approved by shareholders at the meeting held 19 April 2021 was paid to eligible shareholders on 30 April 2021.
As previously announced, the Company will be applying for an Australian Taxation Office (ATO) class ruling in relation to the capital reduction. This ruling will affect the amount of the payment made on 30 April for those shareholders that are either non-residents or have not provided their tax file number to the Company’s share registry ( Affected Shareholders ).
The Company is progressing with its formal submission to the ATO for the class ruling however this submission cannot be finalised until the annual accounts have been finalised.
It is noted that until such time as the ATO determination is made, it is necessary to ensure the Company retains sufficient funds to meet the potential tax liabilities for the capital return payment made on 30 April to Affected Shareholders.
Once the determination is received from the ATO on the proportion of the payment (if any) that is to be treated for tax purposes as an unfranked dividend, a further payment will be made to Affected Shareholders net of any withholding amounts as required by the ATO.
Authorised for release by Board of Directors, Vortiv Ltd
For further enquiries: Phil MacLeod Company Secretary Email: [email protected]
If shareholders wish to update their details with the Company’s share registry please contact:
Advanced Share Registry Limited 110 Stirling Highway Nedlands WA 6009 Telephone: 1300 113 258 International: +61 8 9389 8033 Facsimile: +61 8 6370 4203 Online: www.advancedshare.com.au/investor-login
Units 8-9, 88 Forrest Street, Cottesloe, Western Australia 6011 Australia T +61 8 6444 1798 www.vortiv.com ABN 98 057 335 672