PATRICK CORPORATION LIMITED(PRK)

former shareholders in this company may have unclaimed money arising from the compulsory acquisition of their shares - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

delisted following compulsory acquisition by Toll Holdings Limited

we understand Toll Holdings was successful with an offer of 0.4 Toll shares and $3.00 cash per Patrick share

for capital gains tax (CGT) purposes, partial scrip-for-scrip rollover is available - rollover relief is not available for the cash amounts received - if you choose roll-over, you work out your capital gain (no loss allowed) by subtracting a pro-rata portion of the cost base of your Patrick shares from the value of cash that you received - if roll-over does not apply, you work out your capital gain or loss by comparing the total cost base of your Patrick shares with the total value (as at the disposal date) of the cash and shares that you received - insofar as the acquisition cost of the new Toll shares - if you choose roll-over, you work out the acquisition cost of your new Toll shares by allocating the remaining portion (not used to work out the capital gain) of the cost base of your Patrick shares to it - if roll-over does not apply, you work out the acquisition cost of your new Toll shares by subtracting the amount of the cash that you received from the total value of your Patrick shares on the disposal date - the disposal date of the shares was (if you accepted the offer between 29 September 2005 and 7.00 pm Melbourne time 25 May 2006), the date you accepted the offer or (if you did not accept the offer by 7.00 pm Melbourne time 25 May 2006), the date that your shares were compulsorily acquired

we understand that on or about this date the company split its shares 3 for 1

litigation funder, IMF, reports on the case whereby 192 plaintiffs claimed damages against Patrick Corporation during the utilisation by Patrick Corporation of those workers as substitute labour for members of the Maritime Union on wharfs around Australia - the workers had been trained in Dubai to work on the wharfs alongside union members, but were in fact used as strike breakers upon their return to Australia - IMF funded some of the litigation and after a settlement was reached (on terms that were confidential) received $2.2M on direct outlays of $0.9M

name changed from Lang Corporation Limited