deListed Australia
25
YEARS 2001–2026

Celebrating 25 Years in Business

Thank you for being part of our development since September 2001. With your ongoing support, we look forward to many exciting years ahead.

JAMES HARDIE INDUSTRIES LIMITED (ASX.HAH)

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1998199920002001

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delisted at entity's request

22/10/2001

we understand the company has become a Netherlands-based company - while its business is largely in the United States, if it were to repatriate profits to pay dividends (90% of its shareholders are in Australia) it would pay United States withholding tax of 15% - the new holding company, James Hardie Industries NV, will instead pay 5% withholding tax under the Netherlands-US tax treaty and the company's overall worldwide tax rate will be reduced to 25-30% - significantly less than the rate of 40-50% which would arise if the restructuring were not implemented - shareholders were offered a one-for-one exchange of shares in the new company - they will not incur capital gains tax on the share swap, thanks to rollover relief - however, shareholders who bought their James Hardie shares before 20 September 1985 lose their permanent capital gains tax-free status - their cost basis is the market value of the new shares when restructuring is implemented

22/10/2001

name changed from James Hardie Asbestos Limited

23/08/1979
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