Intrepid Mines Limited
ASX : IAU

Intrepid Mines Limited

March 30, 2015 09:30 ET

Intrepid Mines Limited: ATO Ruling Re Off-Market Buy-Back

SYDNEY, AUSTRALIA--(Marketwired - March 30, 2015) - Intrepid Mines Limited (ASX:IAU) ("Intrepid" or the "Company") advises that the Australian Taxation Office ("ATO") has published a final Class Ruling (CR 2015/20) in relation to the Company's off-market share buy-back ("Buy-Back"), which was implemented on 11 December 2014. The Class Ruling details the Australian income tax treatment of income for shareholders who disposed of their ordinary shares in the Buy-Back.

The outcome of the Class Ruling is consistent with information previously provided by the Company. In summary, for shareholders who disposed of their shares in the Buy-Back ("Participating Shareholders"), the Class Ruling confirms the following:

  • Participating Shareholders are taken to have received $0.30 per share as consideration in respect of the sale of each share sold in the Buy-Back; and
  • No part of the Buy-Back purchase price is taken to be a dividend for Australian income tax purposes.

The Class Ruling is attached to this announcement and can be viewed on the website of the ATO (http://law.ato.gov.au/atolaw/index.htm).

The tax consequences of participating in the Buy-Back may vary depending upon the individual shareholder's circumstances. The Company recommends that shareholders seek independent taxation advice on the implications of participating in the Buy-Back, based on their own specific circumstances.

Shareholder Enquiries
Matters related to shares held, change of address and tax file numbers should be directed to:
Computershare Investor Services
GPO Box 2975, Melbourne, Victoria 3001, australia
Telephone: 1300 805 505
+61 3 9415 4000

To view the Class Ruling in its entirety, please visit the following link: http://media3.marketwire.com/docs/999274g.pdf

Contact Information