What was the nominal cost of the shares of Avexa Limited when it was spun off from Amrad Corporation
Please find attached an explanatory excerpt from the Avexa demerger
Information Memorandum and a CGT cost base worked example.
I had shares in Zenyth Therapeutics Limited and now have shares in Avexa Limited. Why?
At the time of the demerger of the Avexa business in September 2004, for every two Zenyth shares you had, you received one Avexa share. For example, if you had 1,000 Zenyth shares, you would have received 500 Avexa shares.