Cramo Plc Stock Exchange Release 14 January 2020 at
Determination of acquisition costs of
Cramo's Modular Space business was transferred to Adapteo Plc in a partial demerger of Cramo on
Large Taxpayers’ Office has confirmed that the original acquisition cost of Cramo share is divided between Cramo and Adapteo shares based on the ratio of net assets.
Cramo’s net assets were divided between Cramo and Adapteo in the partial demerger as follows:
- 59.55% stayed at Cramo and
- 40.45% was transferred to Adapteo.
Example: If a shareholder purchased one Cramo share before the partial demerger (
The above description of the determination of the acquisition costs is not applicable to non-Finnish resident shareholders. We recommend that shareholders who are tax resident outside
Determination of the acquisition cost for Finnish taxation purposes
In the Finnish taxation the original acquisition cost of Cramo shares is divided between Cramo and Adapteo shares received as a demerger consideration based either on the ratio of the distribution of net assets of the companies on demerger date or on the ratio of the current values of the shares. The current value ratio is used if the distribution ratio of the net assets materially differs from the current value ratio.
The ratio of the current values of Cramo and Adapteo shares did not materially differ from the distribution ratio of the net assets. Therefore, the acquisition costs of the shares are determined according to the main rule, i.e. according to the distribution ratio of the net assets.
Further information (in Finnish) about the decision can be found at: https://www.vero.fi/syventavat-vero-ohjeet/ohje-hakusivu/81329/cramo-oyjn-osittaisjakautumisessa-syntyneen-adapteo-oyjn-sek%C3%A4-cramo-oyjn-osakkeiden-hankintamenon-m%C3%A4%C3%A4ritt%C3%A4minen-verotuksessa/
President and CEO
Further information:
Mr Aku Rumpunen, CFO, tel: +358 40 556 3546, email: aku.rumpunen@cramo.com
Distribution:
Main media
www.cramogroup.com
Cramo is one of the leading European equipment rental services companies with revenue of
Read more: www.cramogroup.com, www.twitter.com/cramogroup
© OMX, source