Re: CGH Colonial Ltd shares question
Some info that you may need regarding Colonial Mutual Life Assurance Ltd:
1. 11 November 1996. Demutualisation value: $3.31 (first day of trade price)
2. Dividends for Colonial:
30 January 1998 - 7 cents (first dividend payment)
30 September 1998 - 7 cents (interim)
19 April 1999 - 8 cents (final)
30 September 1999 - 9 cents (interim)
3 April 2000 - 11 cents (final)
On the 1st June 2000, Colonial Shares ceased trading on the ASX.
Note: Australian, New Zealand and Fijian shareholders entitlted to a 5% discount on shares purchased through DRP.
3. Under the CBA/Colonial merger shareholders received seven CBA shares for every twenty Colonial shares.
Therefore:- Cost of one CBA share = (cost of one Colonial share) x 20/7
Or alternatively, go to:
http://shareholders.commbank.com.au/group_display/0,1922,NI2209%5FCH2209,00.html