Adapteo Plc Press Release
The Finnish Large Taxpayers' Office has confirmed that the original acquisition cost of Cramo share is divided between Adapteo and Cramo shares based on the ratio of net assets.
Cramo's net assets were divided between Adapteo and Cramo 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 cost is applicable to Finnish tax resident shareholders. We recommend that shareholders who are tax resident outside
Determination of the acquisition cost for Finnish income tax purposes
In Finnish income taxation the original acquisition cost of Cramo shares is divided between Adapteo shares received as demerger consideration and Cramo shares based either on the ratio of the distribution of net assets of the companies on the 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 Adapteo and Cramo shares did not materially differ from the distribution ratio of the net assets. Therefore, the acquisition costs of the shares are determined as described above, i.e. according to the distribution ratio of the net assets.
Further information about the decision can be found in Finnish 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/ and in Swedish at: https://www.vero.fi/sv/Detaljerade_skatteanvisningar/anvisningar/81329/aktierna-i-cramo-abp-och-adapteo-abp-som-bildades-vid-den-partiella-fissionen-av-cramo-abp--fastst%C3%A4llande-av-anskaffningsutgif-ten-f%C3%B6r-beskattningen/
For additional information, please contact
Adapteo in brief
Adapteo is a leading Northern European provider of modular space solutions. We operate in
A changing society needs adaptable space. At Adapteo, we make sure everyone has the right kind of space, so that people can grow, and societies can move ahead. We create flexible modular spaces that are good for the planet and great for the future. Adapteo is listed on Nasdaq Stockholm.
www.adapteogroup.com
Space to grow
https://news.cision.com/adapteo-group/r/determination-of-acquisition-costs-of-adapteo-plc-and-cramo-plc-shares-for-finnish-income-tax-purpos,c3008896
https://mb.cision.com/Main/18348/3008896/1174449.pdf
(c) 2020 Cision. All rights reserved., source