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I am a little confused in respect of your answer to the question about the cost base reduction of NAB shares for
the demerger of CYBG. The advice by the NAB to shareholders yesterday (16/2) differs to the answer provided by you. The Reduction Amount is calculated by dividing the Aggregate Amount (number of CYBG shares x $4.01) by the number of NAB shares held as at the Demerger Record Date.This will result in a reduction of $1.0025 per share from the NAB share cost base. If my assessment is not correct, I would appreciate your correction.
A: Apologies for any confusion.
We are actually saying the same thing – I was talking about the cost base for the entire parcel of NAB shares – the advice from NAB is talking about the cost base on a per share basis.
Depending on any rounding that was applied, your calculation of $1.0025 is correct.
