The Lottery Corporation (ASX:TLC) joins the ASX 200 as of 24 May

The Lottery Corporation (ASX:TLC) is slated to join the ASX 200 as of 24 May as a result of the scheme of arrangement where Tabcorp Holdings Limited (ASX:TAH) will spin-off The Lottery Corporation (ASX:TLC).

Tabcorp Holdings Limited will spin-off 1 share of The Lottery Corporation Limited for every 1 Tabcorp Holdings Limited share held. The Lottery Corporation Limited will be added to the ASX 200 prior to the open of trading on May 24 at a zero price.

There will be no removal from the S&P/ASX 200 Index as a result of the inclusion of The Lottery Corporation.