Ok out of meeeting. Here is a bit more on what I was talking about earlier. My understanding is identical shares in an investment holding that have been bought at different times are now treated as a single asset, known as a Section 104 holding, and when the holding is sold, the aggregate purchase price is used to calculate any gains or losses (there is a 30 day rule before shares are adopted to the Section 104 holding so be careful) eg if you buy shares today and sell them tomorrow then the gain/loss WILL NOT be based on the section 104 average price holding as it is within 30 days (if the shares were sold after 30 days from buying them then the gain/loss WILL be calculated based on the Section 104 average price holding). Think I'm right on this but if I am wrong then please correct me. Cheers, Bob
Once the merfger is authorised Dixons share are replace for new ones. 6 x Dixons shares will be exchanged for one of the new shares. My belief is that anyone who has Dixons shares will need to find out their average price so you can x6 it when working out if you have to pay capital gains tax in future. The best way to do this is to sell some shares and then use the capital gains calculator which is available on line for share dealing and you will then be able to see what it is. Got to run for a nmeeeting now but will explain more later. Cheers Bob.