Rolls-Royce "B shares"

I'm a shareholder in Rolls-Royce and have received notification that Rolls-Royce are proposing to cease paying dividends and instead issue "B shares".

There's some information about this at

formatting link

I've been trying to work out the effect of this on me. I think that if this proposal passes

1) It won't change the amount of money I receive. Dividends are liable to income tax but come with a tax credit. The proposed scheme is subject to CGT. 2) Will give me a CGT gain thereby using part of my CGT allowance. 3) Will increase the amount of gain liable to CGT when I finally sell my existing shares. 4) Will make the calculation of the CGT gain more complicated when I finally sell my existing shares.

What does the group think of this?

Reply to
Bruce Robson
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.