Background
On 13 January 2026, Amcor’s CHESS Depositary Interests (CDIs) were consolidated on a 1-for-5 basis; that is, every five existing CDIs were consolidated into one CDI.
Where a holding was not divisible by five, shareholders received a cash payment in lieu of any fractional CDIs. This cash payment represented the fractional entitlement (i.e. 1/5, 2/5, 3/5 or 4/5) multiplied by the closing price of the CDI, being $64.86.
How to process in Class
Worked Example: A fund held 3,214 CDIs prior to consolidation. Only 3,210 CDIs (which are divisible by 5) can be consolidated. The remaining 4 CDIs are surplus and are treated as having been disposed of before the consolidation, resulting in a cash payment of $51.89 (4 CDIs x $64.86 ÷ 5).
This produces the same outcome as a post-consolidation holding of 642.8 CDIs, where the 0.8 fractional entitlement is converted to cash.
After consolidation, the fund holds 642 CDIs and $51.89 in cash.
Step 1: Process the disposal of surplus CDIs
Navigate to Fund level > Transactions > Investment - Sell > Listed security disposal
- Search and select the Investment Account AMC
- Enter Trade Date: 12 January 2026
- Enter Settlement Date: 9 February 2026
- Enter Units: 4 CDIs
- Enter Trade Value: $51.89
- Click Submit
Step 2: Match transactions
Navigate to Fund level > Transactions > Match transactions
Match the disposal transaction to the cash received
Step 3: Process the consolidation using Class automation
Navigate to Fund level > Investments > Browse corporate actions
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Click to 'Action' the 13/01/2026 Consolidation
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Click Submit
If you have a large number of funds holding AMC, you may want to consider using the Excel Transaction Loader to create a Listed Securities Disposal file in bulk.
Reference
- ASX Announcement: AMC Consolidation