Statement From NAB Re Clydesdale Bank
Excerpt from NAB announcement:
Following completion of the first five days trading in CYBG, NAB is able to confirm a number of key
details in relation to the demerger and IPO of CYBG.
The five-day volume weighted average share price (VWAP) for CYBG is $4.01. For NAB
shareholders who have received CYBG securities or whose entitlements are being sold under the
Sale Facility, NAB expects that this will equate to a cost base per CYBG security of $4.01 for
Australian capital gains tax purposes. NAB expects to announce further tax information following
the publication of the class ruling from the Australian Taxation Office (ATO).