ASX Announcement
23 December 2003
Manager
Company Announcements Office
Australian Stock Exchange
Level 4, 20 Bridge Street
Sydney NSW 2000
Announcement No:
Manager
Market Information Services Section
New Zealand Stock Exchange
Level 9, ASB Tower, 2 Hunter Street
Wellington New Zealand
170/03
For Information Only
Share cancellation number advised
AMP has today advised the number of AMP shares to be cancelled as part of the
process for allocating an equal number of AMP and HHG shares to AMP shareholders
under the demerger.
A total of 449,345,129.2 AMP shares will be cancelled. This represents approximately
29.19 per cent of AMP’s total issued capital (not including the shares to be issued as
part of the AMP Rights Offer).
The cancellation has been followed by a share split of the remaining AMP shares held
by shareholders, so that they end up with same number of AMP shares that they held
on the Record Date (19 December). In addition, they will receive an equal number of
HHG shares.
The net effect is that if a shareholder held 100 AMP shares on 19 December, they will
now hold 100 AMP shares and 100 HHG shares (excluding any AMP Rights Offer
shares).
The share cancellation number is important to shareholders for tax purposes, as
explained in section 8 of AMP’s Explanatory Memorandum.
As previously advised, the volume weighted average price (VWAP) of AMP shares used
to determine the amount of shares to be cancelled was A$5.91. This was calculated by
reference to AMP’s share price on the Australian Stock Exchange over the 10 business
days prior to AMP’s Extraordinary General Meeting (EGM) on 9 December.
Early in 2004, AMP will write to shareholders to provide them with the information they
need to calculate the cost base of their AMP shares (which could differ for each
shareholder) and to inform them of the cost base of their HHG shares, when it has been
calculated.
AMP Limited (AMP) ASX Announcement
AMP Limited
Level 24, 33 Alfred Street
Sydney NSW 2000 Australia
ABN 49 079 354 519