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The Star Entertainment Group is an ASX-listed company that owns and operates The Star Sydney, The Star Gold Coast and Treasury Brisbane. The Star Entertainment Group also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government.
The Star Entertainment Group is committed to optimising its properties, supporting the communities in which we operate, and capitalising on the opportunities presented by our world-class locations in Sydney, Brisbane and on the Gold Coast. The Star Entertainment Group’s purpose, to create fun at trusted destinations, is underpinned by multi-billion-dollar transformational projects planned or in progress across its properties.
The Star Entertainment Group and its joint venture partners Chow Tai Fook Enterprises and Far East Consortium are developing the $3.6 billion Queen’s Wharf Brisbane precinct. Expected to commence a staged opening from August 2024, Queen’s Wharf and The Star Brisbane will deliver transformational impacts on Queensland jobs, training and tourism, both domestic and international.
The Star Gold Coast has undergone an extraordinary $850 million transformation since 2014 including the opening of all-suite luxury hotel The Darling, redeveloped the 5-star The Star Grand and construction of the internationally-acclaimed Dorsett hotel and The Star Residences , which opened in December 2021. On 2 November 2018, the Queensland Government approved The Star Gold Coast’s expanded $2 billion-plus master plan. If fully delivered, the master plan will add four additional hotel and apartment towers, including world-class resort and entertainment facilities, new dining precincts, a luxury day spa and wellness centre and tropical recreation areas.
In July 2022, the NSW Government delivered an update to the Pyrmont Peninsula Place Strategy (first released in December 2020) to map out future growth in the local area and how it relates to the local community, local businesses, tourism and entertainment.
The plan includes provisions for construction of a 105 metre, luxury six-star hotel, two new theatres – including an 1550-seat Broadway style venue and new rooftop dining at The Star Sydney’s site.
The Star Entertainment Group Limited
ABN 85 149 629 023
Registered Office
Level 3, 159 William Street
Brisbane QLD 4000
Acknowledgement of Country
The Star recognises the continuing connection to land, sea and community of First Nations peoples and we pay our respects to Elders, past and present. We respectfully acknowledge the Traditional Owners of the land on which our properties are located, the Turrbal and Jagera people of the Brisbane region, the Yugambeh language people of the Gold Coast region, and the Gadigal people of the Eora Nation in Pyrmont.
© The Star Entertainment Group 2021
The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.
Participation in the separate share sale facilities were open to eligible shareholders whose registered address was in Australia or New Zealand as at 7.00pm (Sydney time) on 29 March 2016 (Record Date) and who were:
On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.
Both share sale facilities closed at 5:00pm (Sydney time) on 17 May 2016 (Closing Date).
All participants who had their SGR shares sold under either the Small Holding Sale Facility or the Voluntary Share Sale Facility received the same average price of $5.51 per share, which was calculated by dividing the total proceeds from the sale of all SGR shares sold under the facilities by the total number of SGR shares sold under the facilities.
Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register.
Small Holding Sale Facility
The Small Holding Sale Facility was conducted in accordance with The Star Entertainment Group’s Constitution and the Australian Securities Exchange Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).
Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less.
Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date.
Small Holding Facility Key Dates:
Voluntary Share Sale Facility
The Voluntary Share Sale Facility was conducted in accordance with Class Order CO 08/10 issued by the Australian Securities and Investment Commission.
Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date.
Voluntary Holding Facility Key Dates:
For full details of the Small Holding Sale Facility and the Voluntary Share Sale Facility, please see the ASX Announcement dated 5 April 2016 in the News section of our website.
The demerger of The Star Entertainment Group (formerly known as Echo Entertainment Group Limited) from Tabcorp Holdings Limited (Tabcorp) was implemented on 15 June 2011 by way of Scheme of Arrangement pursuant to the Tabcorp Scheme Booklet dated 15 April 2011 (Demerger).
As part of the Demerger, Tabcorp sought a ruling from the Australian Taxation Office on the taxation implications for shareholders. On 29 June 2011, the Australian Taxation Office issued Class Ruling CR 2011/66, in accordance with the application made by Tabcorp. A copy of the Class Ruling CR 2011/66 can be viewed here.
A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.
Click here to download the Tax Calculator
Click here to access information on the Australian Taxation Office website
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