REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Tax Guidance Note in respect of the D Share Scheme

Fuller Smith & TurnerAnnouncement

02/12/2019 17:10

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   Fuller, Smith & Turner PLC (FSTA)
   Fuller, Smith & Turner PLC: Tax Guidance Note in respect of the D Share
   Scheme
   02-Dec-2019 / 17:08 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   2 December 2019

                  Fuller, Smith and Turner P.L.C. ("Fuller's")

               Tax Guidance Note in respect of the D Share Scheme

   Following the completion of the D  Share Scheme described in the  circular
   to shareholders dated  6 September 2019  (the "Circular"), Fuller's  today
   announces the posting  of a  guidance note in  respect of  the UK  capital
   gains tax treatment for individual Ordinary Shareholders of the Return  of
   Capital by way of D Share Scheme (the "Tax Guidance Note").

   The Tax Guidance Note is addressed to all shareholders, but is intended to
   provide UK  tax guidance  for  the benefit  of those  individual  Ordinary
   Shareholders who held Ordinary Shares  at the record time for  entitlement
   to D Shares pursuant to  the D Share Scheme (i.e.  6.00 p.m. on 1  October
   2019). 

   A copy of  the Tax  Guidance note  can be  viewed on  Fuller's website  at
    1 www.fullers.co.uk/corporate/investors.

   Unless otherwise defined, capitalised terms used in this announcement have
   the same  meaning as  those defined  in the  Circular, which  can also  be
   viewed on Fuller's website at  2 www.fullers.co.uk/corporate/investors.

   Enquiries:

   Fuller, Smith & Turner P.L.C.

   Séverine Béquin, Company Secretary - 020 8996 2073

   Important Notices

   This announcement has been issued by and is the sole responsibility of the
   Company. The information contained in this announcement is for  background
   purposes only and does not purport to be full or complete. The information
   in this announcement is subject to change.

   The Tax  Guidance Note  does not  constitute legal  or tax  advice and  is
   intended only as a general guide to  UK tax law and HM Revenue &  Customs'
   published practice  (both of  which are  subject to  change at  any  time,
   possibly with retrospective effect) as at  the date of the Circular.  Each
   Shareholder is responsible for  analysing their own  tax position and  for
   ensuring that their tax returns and filings are accurate and complete. The
   Company accepts no liability for the commentary in the Tax Guidance Note. 
   Shareholders who are  in any doubt  as to  their tax position  or who  are
   subject to  tax in  a jurisdiction  other than  the UK  should consult  an
   appropriate professional adviser.

   The Tax Guidance Note  summarises only certain limited  aspects of the  UK
   taxation treatment of  individual Shareholders  and is  intended to  apply
   only to individual  Shareholders who  are resident and  domiciled in  (and
   only in) the UK for UK tax purposes  and who are and will be the  absolute
   beneficial owners of  their Shares and  who hold, and  will hold, them  as
   investments other  than  in  an individual  savings  account  or  pensions
   arrangements (and not  as securities  to be realised  in the  course of  a
   trade).  The  contents  of the  Tax  Guidance  may not  apply  to  certain
   Shareholders, such  as  dealers  in securities,  insurance  companies  and
   collective investment schemes, Shareholders  who are exempt from  taxation
   and Shareholders who have (or are deemed to have) acquired their Shares by
   virtue of an office or employment.  Such persons may be subject to special
   rules.  They may also  not apply to corporate  Shareholders and to  Shares
   held in  trusts  or  through  the Company's  Share  Incentive  Plan.   The
   position may be different for future transactions.

   This announcement has been prepared in accordance with English law, the EU
   Market Abuse Regulation and the Disclosure Guidance and Transparency Rules
   of the UKLA and information  disclosed may not be  the same as that  which
   would have  been prepared  in accordance  with the  laws of  jurisdictions
   outside England.

   The release, publication or distribution of this announcement in, into  or
   from jurisdictions outside the United Kingdom may be restricted by law and
   therefore persons  into whose  possession this  announcement comes  should
   inform themselves about,  and observe  such restrictions.  Any failure  to
   comply with the restrictions may constitute a violation of the  securities
   law of any such jurisdiction.

   If you are in  any doubt about  the contents of  this announcement or  the
   action you should take, you are recommended to seek your own financial  or
   tax advice immediately from your stockbroker, bank manager, fund  manager,
   solicitor,  accountant,  tax  advisor  or  other  appropriate  independent
   financial adviser duly authorised under the Financial Services and Markets
   Act 2000 if you are  resident in the United Kingdom  or, if not, from  any
   appropriately authorised independent financial adviser.

    

    

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   ISIN:           GB00B1YPC344
   Category Code:  FUR - announcement of the D share Scheme on 4 September
   TIDM:           FSTA
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   32827
   EQS News ID:    926079


    
   End of Announcement EQS News Service

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References

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