CR 2016/59 – rollover effect of Royal Dutch Shell’s ‘takeover’ of the BG Group on Australian employees who swapped their Employee Share Scheme interests in BG shares for ESS interests in Shell shares
On 17 August 2016, the Commissioner issued a class ruling on the Royal Dutch Shell plc takeover of BG Group plc, so far as it affected the Australian resident employees who held ESS interests under the BG Group employee share scheme (Participants). Broadly, these Participants had their ESS interests in the BG Group replaced by…