I have been a shareholder of NAB in excess of 40 years. On 8 February 2016 NAB demerged the UK banks which it owned. As part of the demerger existing NAB shareholders were issued Virgin Money UK shares on a 1 for 4, based on NAB share holding.
On 25 October 2024 Virgin Money UK was bought out by Nationwide Building Society. Since that date I have received a payment for Virgin Money UK shares held.
When 1 for 4 based shares were issued on 8 February 2016, I received 1084 shares and since that time I have only received non franked dividends. The was no option for additional shares under dividend reinvestment.
In preparation for completion of my 2025 tax return I need some assistance on how I calculate the cost base of my Virgin Money UK shares. Better still if somebody has already calculated the cost base could they please advise.
Many thanks,
Jeff
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