"Stapled" shares? - Aussie Stock Forums

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  1. #1

    Default "Stapled" shares?

    Looking at BBP, they have the annotation "stapled" in the description ... what exactly does that mean?

  2. #2
    Pigs In Space GreatPig's Avatar
    Join Date
    Jul 2004

    Default Re: "stapled" shares?

    Stapled securities are where two or more separate securities are traded as a single entity. Typically they're things like listed trusts where one security might be the units in the trust and the other security shares in the management company.

    While I believe the tax treatment of them has to be separate, from a buying and selling point of view, you can treat them like any other share.


  3. #3

    Default Re: "Stapled" shares?

    Best to check prospectus for the issue (company)

    It could be after 12months of listing the stapled security might split into an ordinary share + an option to buy an ordinary share at the original issue price.

    Fat Prophets had something similar.
    Never argue with an idiot. They bring you down to their level and beat you with experience.

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