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26 March 2025
| Name: | CHALLENGER INTERNATIONAL LIMITED (CLI) |
| Date of Delisting: | 25 August 2003 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 25 August 2003.Legal Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. We have not therefore verified the current legal status of this entity. If you have questions about your shareholding, as we say elsewhere, they may be taken up here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. You will need to seek independent tax advice in relation to Capital Gains Tax or other tax matters but any other enquiries relating to your shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Challenger options remained on issue on the same terms, but upon exercise, optionholders could immediately transfer Challenger shares issued on exercise to CPHIC in exchange for 4.5 CPHIC units per share | 25/08/2003 |
delisted at the request of the Company following the merger with CPH Investment Corp | 25/08/2003 |
each Challenger noteholder could choose to let them remain on issue and upon subsequent conversion immediately transfer the Challenger shares issued on conversion to CPHIC in exchange for 4.5 CPHIC units per Challenger share or on the merger effective date could exchange each note for 5.5 CPHIC units (the higher exchange ratio under this alternative was intended to compensate noteholders for forgoing the annual coupon of 9.5% on the convertible notes until maturity in 2007 and the value of the equity option inherent in the convertible notes) - if a Challenger noteholder did not make an election, the noteholder was deemed to have made an election for Alternative 2 | 25/08/2003 |
we understand CPHIC acquired all of Challenger's ordinary shares by way of a scheme of arrangement at an agreed exchange ratio of 4.5 CPHIC units for each Challenger ordinary share | 25/08/2003 |
Challenger options remained on issue on the same terms, but upon exercise, optionholders could immediately transfer Challenger shares issued on exercise to CPHIC in exchange for 4.5 CPHIC units per share | 25/08/2003 |
delisted at the request of the Company following the merger with CPH Investment Corp | 25/08/2003 |
each Challenger noteholder could choose to let them remain on issue and upon subsequent conversion immediately transfer the Challenger shares issued on conversion to CPHIC in exchange for 4.5 CPHIC units per Challenger share or on the merger effective date could exchange each note for 5.5 CPHIC units (the higher exchange ratio under this alternative was intended to compensate noteholders for forgoing the annual coupon of 9.5% on the convertible notes until maturity in 2007 and the value of the equity option inherent in the convertible notes) - if a Challenger noteholder did not make an election, the noteholder was deemed to have made an election for Alternative 2 | 25/08/2003 |
we understand CPHIC acquired all of Challenger's ordinary shares by way of a scheme of arrangement at an agreed exchange ratio of 4.5 CPHIC units for each Challenger ordinary share | 25/08/2003 |
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