Response from Carnegie Corporate Office regarding foreign shareholders and ramifications of the merger of EMC and TAG:
“All Carnegie shareholders should receive 1 Tag/MPower share for every 49 Carnegie shares they hold at the time of the shareholders meeting however it isn’t clear as yet whether this extends to overseas holdings. We will aim to address this in the formal documents to come i.e. the Notice of Meeting and Prospectus. If you were to move the holding to an Australian nominee in the interim this would remove any uncertainty.
I hope this helps.
Regards,
Michael Ottaviano”
CCE Price at posting:
1.9¢ Sentiment: None Disclosure: Held
