Ordinary Share Scheme

Under the scheme of arrangement between Jupiters and its ordinary shareholders (Ordinary Share Scheme), Tabcorp offered on average (subject to the effects of rounding and the availability from a maximum pool of cash and shares as determined by a scaleback) A$285 cash and 24 Tabcorp ordinary shares for every 100 Jupiters ordinary shares, held by a Jupiters ordinary shareholder at 5pm (Brisbane time) on 10 November 2003.

Those shareholders had the option to maximise the number of Tabcorp ordinary shares or the amount of cash they were entitled to receive under the Ordinary Share Scheme, by making a Maximum Shares Election or a Maximum Cash Election.

Shareholders who did not make a valid election received the standard default consideration, being a mix of both cash and Tabcorp ordinary shares.

Shareholders who made a valid Maximum Cash election had that election satisfied in full and received cash at the rate of $5.25 per Jupiters ordinary share from Tabcorp.

Shareholders who made a valid Maximum Shares election or who received the default consideration were allocated a mix of cash and Tabcorp shares.

Calculation of Cash and Share Allocations

Information regarding the scale back and allocation of consideration to former Jupiters security holders may be found in the Tabcorp announcement of 13 November 2003.

Information relating to the calculation of the amount of cash and Tabcorp shares that were allocated were provided in transaction confirmation statements and the Capital Gains Tax letter sent to shareholders, a copy of which is available for download from the Related Documents section at the bottom of this page.

Ineligible Overseas Shareholders

Shareholders who were determined to be "Ineligible Overseas Shareholders", as described on page 10 of the Scheme Booklet, had their Tabcorp shares issued to a nominee company which sold these shares on market with the average net proceeds paid by cheque on 16 December 2003.

Tax Issues

Tabcorp also mailed a letter explaining the capital gains tax implications of the merger and cost base of the newly issued Tabcorp shares. The Capital Gains Tax letter can be downloaded from the Related Documents section at the bottom of this page.

Dividend Payments from Jupiters

In addition to the merger consideration paid by Tabcorp, for every Jupiters ordinary share, Jupiters paid a fully franked special dividend of 75 cents and a fully franked dividend of 17.2 cents representing the net proceeds from the sale of the Centrebet business (amounts subject to rounding).

A history of dividends paid by Jupiters is available further down the page.

Reset Preference Share Scheme (RPS)

RPS holders received $105.26 in cash per RPS plus 78.15 cents per each such RPS in respect of the accrued dividend equivalent.

Shareholder Benefits Scheme

The Tabcorp Shareholder Benefits Scheme was first implemented on 6 April 2004 with information sent to all Tabcorp shareholders with their interim dividend. This included to all former Jupiters shareholders who became Tabcorp shareholders.

To be eligible for the Tabcorp Shareholder Benefits Scheme shareholders must have at least 200 Tabcorp shares in a single holding. Those shareholders who were eligible at the interim dividend payment time were sent a Tabcorp Shareholder Benefits Card, which replaced the former Jupiters Shareholder Benefits Card.

Information about the benefits offered to shareholders is available from the Shareholder Benefits Scheme section of this website.

Enquiries

Timetable and relevant documents for downloading