Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
On 12 December 2016, Estia Health Limited (ASX Code: DCN) (Company) announced a 1 for 3 accelerated non-renounceable pro-rata entitlement offer at an issue price of $2.10 per new share to raise approximately A$136.8 million (Entitlement Offer). The Entitlement Offer is fully underwritten by Macquarie Capital (Australia) Limited.
• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).
• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).
New shares issued under the Entitlement Offer will rank equally in all respects with existing shares from the date of issue. |
The anticipated timetable in relation to the Entitlement Offer is set out below.
Event |
Date |
Trading Halt commences Institutional Entitlement Offer conducted |
Monday, 12 December 2016 |
Trading halt lifted Trading in ordinary shares resumes on an ex-entitlement basis (ASX Code: EHE) |
Tuesday, 13 December 2016 |
Record Date for Entitlement Offer |
7.00 PM Wednesday, 14 December 2016 |
Retail Entitlement Offer Booklet and acceptance forms despatched Retail Entitlement Offer opens |
Monday, 19 December 2016 |
Settlement of Institutional Entitlement Offer |
Tuesday, 20 December 2016 |
Allotment of new shares under the Institutional Entitlement Offer and trading commences in new shares on a normal settlement basis (ASX Code: EHE) |
Wednesday, 21 December 2016 |
Retail Entitlement Offer closes |
Wednesday, 11 January 2017 |
Settlement of Retail Entitlement Offer |
Wednesday, 18 December 2017 |
Allotment of new shares under the Retail Entitlement Offer Despatch of holdings statements |
Thursday, 19 January 2017 |
New shares issued under the Retail Entitlement Offer commence trading on a normal settlement basis (ASX Code: EHE) |
Friday, 20 January 2016 |
Settlement issues
Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum entitlement’ basis.
Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ‘ex entitlement’ basis should ordinarily only occur post record date.
CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.
Trading issues
ASX will not price a ‘cum entitlement’ market with respect to trading in the Company’s securities. Persons who acquire the Company’s securities after the commencement of the trading halt on Monday, 12 December 2016 are not entitled to participate in the Entitlement Offer.
What do I need to do by when?
For further details, please refer to the Company’s announcements on Monday 12 December 2016.
Need more information?
Refer Company’s announcements, as above.
Issued by
Kate Kidson
Contact information
Kate Kidson
+61 (03) 9617 8772
info@asx.com.au