Bonus Share Plan Distribution Notification
Bonus Share Plan Distribution Notification. Notification of issue of shares from the Share Premium Reserve of the company.
These are are considered as a capital distribution rather than a disbursement of income, with different tax implications. Typically found in Australia.
SWIFT full text: "Typically found in Australia, shares are issued from the Share Premium Reserve of the company and are considered as a capital distribution rather than a disbursement of income, with different tax implications."
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