BGP HOLDINGS PLC

I inherited BGP Holdings back in May 2010. My accountant needs to know the value of the shares when I received them.

How can I find this out??

I have received a deposit in our Superannuation Fund from BGPU that I cannot find any documentation for When I checked the company it says no payments were made - where can I get the details of the deposit.

Residual capital for BGP Holdings PLC will be paid out 14 November 2022.

If the account number begins with the letter \'I\' it would be issuer-sponsored.

If that\'s the case then there\'s a form that Link Market Services have called the standard transfer form. You could use this to distribute the shares to beneficiaries.

The beneficiaries won\'t be able to sell them though; they\'ll have to wait until the company is wound up and any residual capital is paid to share holders.

i act as a executor for a deceased estate. how do i transfer the BGP interest to the beneficies via Link Market Services

beachmanor11@gmail.com

I presume the BGPU shares have zero value so why are they still listed on the registry of Link Market Services 

All those who act for deceased estates - the \"forms\" required are available through Link Market Services after logging in to the shareholder\'s account.

I failed to add a reply address to the question regarding disposal of shares

due to a deceased  estate.  Please contact  :   jackmans@bigpond.net.au

My question is very similar to others that I see posted. We are acting also for a deceased estate.  Please advise what can be done in order to sell the holding.   The SRN/HIN number commences with I - presuming that means it is issuer sponsored.  

We own units / shares in the \'so called\' spin off from GPT because of their arrangement with Babcock & Brown.  How do we get to sell them or do we get paid out the value of the units when the company is wound up - as I have been advised will happen. I have also been advised that the shares are not tradable and have no value.  The whole deal is a \'fiasco\' thanks to the individuals responsible.

What next - ha ha !!!!!

We act on behalf of a deceased estate in the name of Vera Pronenko.  The deceased held shares in BGP Holdings, SRN 140064623291.  We have been instructed to sell the shares.  We understand the company has been de-listed.  Please advise if there is a liquidity process to follow. 

Thank you. Kaylene Bradley

Mann Legal
PO Box 1857
GEELONG  VIC  3220

Tel: 03 5224 2916  Email: kaylene@mannlegal.com.au

We act on behalf of a Deceased Estate in the name of Gladys Mary Neck who held shares in BGP, SRN I40064885211. Please advise if there is a liquidity process to follow.

Jessica Linton - Planner Support

Story Wealth Management Pty Ltd

Tel: (03) 8560 3188

Email: planner@storywealth.com.au

We act on behalf of a Deceased Estate in the names of Leslie James Moss & Constance Mary Moss. The deceased held shares in BGP, SRN I40064608420. Please advise if there is a liquidity process to follow.

Kim Bell - Client Services Manager

The Intelligent Financial Group Pty Ltd

Tel: 1300 655 096

Email: admin@theifgroup.com.au

We act on behalf of a deceased estate in the name of George Phillip Garnett.  The deceased held shares in BGP Holdings, SRN 140065007250.  We have been instructed to sell the shares.  We understand the company has been de-listed.  Please advise if there is a liquidity process to follow. 

Thank you. Sarah Moore

Southside Legal Gold Coast

Tel: 07 5598 3266 Email: reception@southsidelegal.com.au

We act on behalf of a deceased estate where there is a non-tradeable beneficial interest. SRN I40064540671 in the name of Estate of late Giselle Fernande de Jong.

We have been instructed by the executor of the estate to sell the holding.  Could you please advise what needs to be done by us to enable the sale to occur.

Thank you.  Maureen Miller

Baker Deane & Nutt, Solicitors for the Estate

Tel:  02 6299 3999   Email:  mmiller@bdn.com.au

capital return coming now?

?BGP holdings is the skelatal remains of Babcock Brown Infracstructure that collapsed during the 2007 financial crisis. I bought a few million BBI shares at 0.1c, but they never bounced back, They did a 100:1 consolidation then went offshore as BGP.

The residual capital has been paid out in 2017 as ~5c in Feb, and ~2c just now (30oct) ,  The company will liquidate shortly, and pay out the remaining capital (if any)

There is some info here http://www.bgp-holdings.com/

Final distribution just paid, 30/10/17 of 2.060274 cents/share. Any idea

if any more income to be paid in future , I want to wind up a deceased
\n estate, this is the last remaining asset in the Estate register so I
\n want to try to wind it up. Thanks.

The income (interim dividend) paid in February 2017 is Foriegn Income. 

Following the first interim dividend of AUD 0.05860935 per share paid on February 7, a second distribution, around AUD 0.02 per share, is expected in Q3, when the formalities of a capital reduction are completed. After this the companies will be liquidated, a process which will take around two years due to residual obligations under the sale contracts. There should be no material returns from the final liquidation process.

http://www.bgp-holdings.com/investor-news-item-2-title-bgp-holdings-dividend-announcement.php

http://www.bgp-holdings.com/documents/Communication-to-investors-regarding-distribution.pdf gives all the tax info required

A news item on the website http://www.bgp-holdings.com/ indicates the next distribution is expected in quarter 3 of this year.

The investor relations part of the above website provides an information pdf on the tax treatment for the \"interim dividend\" paid in February.

I would not be perfectly confident that this is a return of capital. The second payment which will relate to a capital reduction would likely be this.

I would have thought the dividend received in February should be shown in the Foreign Income section of the 2017 tax return and therefore assessable in full.

When the smaller distribution is received mid year which relates to the capital deduction, this will reduce the cost base and eventually you will be able to crystallise the CGT loss on the shares.

When do we receive the next dividend? Thank you for any assistance.

This dividend is from the Proceeds of the Sale of European

Property which BGP has sold.

Can anyone, therefore, confirm if this dividend is a Return
\n of Capital and, therefore, reducing only the Cost Base of the BGP shares?   Therefore, it may not be an Unfranked
\n Dividend as it appears to be in the Dividend Statement. 

From my understanding, in the case that it is not an Unfranked Dividend, it is possible that only a Capital Gain, and nothing else, will need to be declared
\n in the 2017 tax return and only if the Cost Base of your BGP shares is reduced to an
\n amount below zero by this Return of Capital.

The Capital Gain will be equal to that amount below zero.

If it is not below zero, this dividend and subsequent dividends will continue to reduce the Cost Base and will only need to be taken into account when calculating the Capital Gain when the shares are finally disposed of.

You should have determined the Cost Base of your BGP Shares following
\n the demerger which occured in August 2009 when an In Specie Dividend was
\n received and GPT shareholders received BGP shares equal in number to their GPT
\n share holding.

Any views or comments are welcome.

The Amount shown under both the ‘Franked’ and ‘Unfranked’ headings on the Dividend Statement I received is $0.00.

However, the ‘Total Amount’ of the Dividend is not $0.00 on my Statement.

Therefore, this “Total Amount” cannot be declared as either a
\n “franked” or “unfranked” dividend in the “Dividends” section of the ATO’s  MyTax online tax return facility which means that I have insufficient information on this Dividend Statement to declare this dividend in this section of my tax return.

My question is, if the dividend cannot be declared in the “Dividends” section ( Section 11) of the ATO’s MyTax for the reason given above, what other section of the tax return can I declare this Dividend as ‘assessable income’?

and I got a cheque in the mail and the attachment with it said the payment was a dividend

it can be declared as a dividend, just a dividend with no franking

I am as happy as everyone else to receive this dividend.

However, nobody, except one, seems to be worried about how
\n this payment is to be declared in their 2017 tax return. 

There is no Unfranked Amount, No Franked Amount and No
\n Franking Credit in this payment.

So it can’t be declared as Dividend Income. 

The Dividend Statement advises that it should be disclosed
\n as ‘assessable income’.

But where can it be disclosed on your tax return?

I would appreciate more interest and discussion on this
\n matter because I’m sure there must be many more of the over 55,000 investors
\n out there who are wondering how they are going to disclose this payment on
\n their 2017 Tax Return without paying an eye and a tooth to get so-called “Independent
\n Tax Advice”

This issue is common to us all.

We should all have a right to know how to declare this
\n payment properly and confidently in our tax return.

The BGP share registry has failed dismally to tell us
\n precisely what type of payment this is and how to declare it properly.

So, if you can help, please let us all know how to deal with
\n this Dividend in our tax return.

the shares are not listed and are not transferable ... the shares have no value except for what is represented by the amount available for the second and last liquidation dividend that will be paid later in 2017 ... about a third of the first liquidation dividend you have received ...

google the bgp website fro more info

One month after bank deposit of dividend - and still no supporting documentation! Anyone else in the same boat??

same here.what is the story 

Hello, I\'m trying to find share price information on BGP Holdings PLC. 

I received some shares through a beneficiary\'s estate. I believe, through reading posts, that this stock is being wound up/dissolved (not sure of the technical name).

How do I dispose of these shares?

D

I was greatly surprised when a BGP divdend lobbed in by bank account nearly two weeks ago - all contributions gratefully received. I have not yet received any supporting documentation! My address has not changed in decades. Does anyone have similar experiences or comments? This whole business is a bit of a mystery to me.

Hi All,

IS THIS DISTRIBUTION CONSIDERED AS A DIVIDEND FOR TAX PURPOSES OR AS A CAPITAL GAIN. THANKS

...hmmm....7 years...european real estate....5c per unit....not my idea of a \'handsome\' return....i\'d rather the berlin apartment that someone has.....

Yes, good news indeeed!

Good News!

Good news. By coincidence (after posting here just yesterday), I have today received the initial distribution, credited to my CBA bank account. (Who would have thought something thought to be worthless would turn out to pay such a handsome distribution?)

STILL NO NEWS ON DISTRIBUTION DATE. WHY NO UPDATES.

We are now into February 2017 and the first distribution originally to be paid by the end of 2016, then to be paid in January 2017 has still not been forthcoming. I note that BGP have been very slow in providing updates. I\'d hate to be a person who had been relying on the previously indicated timeframes to be met!

How many shares issued in BGP?

The company has sold its real estate assets in Europe and will make a EUR 407 million distribution in January, and a further EUR 150 million distribution in the second quarter. Details on the BGP-Holdings (dot com) website.

 Coy is in process of selling the major asset in Germany; This coy has some value. Formal announcement expected soon.

How long do we have to wait for a dividend?    The latest Annual Report (December 2015) talks of positive activities ..... but where do we shareholders fit in?   Still no suggestion of a dividend.   Come on BGP, we are shareholders who have invested in your so-called success.   This is not very encouraging for us.   Decisions will have to be made sooner than later.    ?

can\'t access financial statements - nor any uptodate info anywhere I hope the \"Directors\" aren\'t being paid much!

?All the above posted comments are almost exactly the same as my enquiry, I receive annual reports each year and AGM held in Malta. Though I phoned the number on my voting slip and had a chat with the guy at the other end, he filled in a few loose ends and I shall be happy till the next AGM.  signed Weighting Patiently

Recommend heading to the company\'s website - http://bgp-investment.lu/investor-information.php

  http://bgp-investment.lu/documents/BGP-Company-Presentation-2015-05-20.pdf 

Why can't I access the latest BGP Holdings Annual report and Financial Statements on line???  The link given in recent paperwork does not work !!!

Get your act together BGP

Why can't I access the latest BGP Holdings Annual report and Financial Statements on line???  The link given in recent paperwork does not work !!!

Get your act together BGP