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Notice
This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.
What do I need to do by when?
Bid Details:
Bidder: |
CMI LImited |
|---|---|
UIC: |
11434 |
Registry/Agent: |
Link Market Services Limited |
ASX Code: |
CMI |
Takeover Code/Consideration |
CMI001 – $1.16 per Share adjusted by the movement in the opening S&P/ASX200 Index on 18 November 2016 compared to the closing S&P/ASX 200 Index on 6 January 2017 |
Offer Terms:
Offer Open Date: |
30 November 2016 |
|---|---|
Offer Close Date: |
5:00pm (AEDT time) on Wednesday, 4 January 2017 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 4 January 2017 or in the event that the offer is extended, such other time as may be notified by CMI to the market.
Eligible Shareholders are those holders of shares at 7:00pm (Sydney time) on Friday, 25 November 2016.
Participants should refer to the Buy-back Offer Document dated 25 November 2016.
For further information regarding the offer please contact general shareholder line on +1300 135 403 within Australia or +61 1300 135 403 – outside Australia (Monday to Friday 8.30am to 5.30pm Sydney time).
Need more information?
Issued by
Eldon Hernando, Senior Officer, Post Trade Operations
Contact information
Eldon Hernando
1800 623 571
cad@asx.com.au
General Information
Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below.
A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response.
In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise
by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer.
Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.