It is anticipated that Inghams Group Limited (Company) will be admitted to the official list of ASX Limited (ASX) on the morning of Monday 7 November 2016.

Official quotation of the Company’s shares is expected to commence at 12:00pm AEDT on Monday 7 November 2016, initially on a conditional and deferred settlement basis.

The Company is expected to raise a total of $596.4 million pursuant to the offer under its replacement prospectus dated 21 October 2016, as supplemented by its supplementary prospectus dated 2 November 2016 (Prospectus) by the issue of 49.6 million ordinary shares and sale and transfer of 139.8 million ordinary shares at a final price of $3.15 per share (Final Price).

Conditional and deferred settlement trading

The Company has requested that a conditional trading market be provided pursuant to ASX Operating Rule 3330. The conditions for the conditional market specified by the Company are (i) settlement occurring under the Offer Management Agreement (as defined in the Prospectus); and (ii) allotment of shares under the Offer.

In accordance with ASX Operating Rule 3330, ASX has agreed to provide a conditional market in the Company’s shares. The Company’s shares will commence trading on a conditional and deferred settlement basis at 12:00pm AEDT on Monday 7 November 2016.

The letters "CT" will be displayed in the Basis of Quotation field of ASX Trade to facilitate identification of the Company’s shares trading on a conditional basis. Market Participants should note that because no Special Market has been created within ASX Trade, Signal B trade messages will not contain explicit Conditional Trading Basis of Quotation. This information will be identified in the Daily Diary and Reference Point Master List.

The Company is required to advise ASX immediately of the fulfilment or non-fulfilment of the conditions for the conditional market. Notification as to when trading will become unconditional will be made in accordance with the ASX Operating Rules. The market will be advised by ASX market release when the conditions of the conditional market have been met and when the stock will commence trading on an unconditional basis. The market will not be purged.

In the case of fulfilment of the conditions, ASX will issue a further Notice to participants confirming trading arrangements and the date holding statements will be sent to successful applicants. At this stage, the conditions for the conditional market are expected to be met on Friday 11 November 2016. The Company has agreed to send holding statements on Monday 14 November 2016, which will mean that the first settlement date will be Thursday 17 November 2016.

CONTRACT NOTES FOR CONDITIONAL SALES AND PURCHASES

While it is the Participant’s responsibility to obtain their own advice concerning the appropriate words that should appear on a contract note for a conditional sale or purchase, the endorsement suggested below may be considered for contract notes for conditional transactions in the Company’s shares.

"This contract is conditional upon notification being received by ASX by close of business on Friday 18 November 2016 that the conditions for the conditional market have been fulfilled. If the conditions are not fulfilled, this contract shall be cancelled without any liability whatsoever other than for the return of any money paid in connection with the settlement of the contract."

Advice should also be provided to clients to ensure that they understand the full ramifications of Conditional Trading.

Indicative key dates

This timetable has been prepared on the basis that the conditions for the conditional market are expected to be satisfied by 9:30am AEDT on Friday 11 November 2016. If the conditions are not fulfilled by the close of business on Friday 18 November 2016, shares will not be issued and transferred and all conditional trades that have occurred since Monday 7 November 2016 will be cancelled.

If the conditions are not satisfied by 9:30am AEDT on Friday 11 November 2016, but are satisfied prior to the close of business on Friday 18 November 2016, the dates in the timetable will be revised and a new timetable will be released to the market.

What do I need to do by when?

For further details, please refer to the Company’s Prospectus. 

Need more information?

For further information, please call the Company’s Offer Information Line on 1800 009 918 (within Australia) or +61 1800 009 918 (outside Australia) between 8:30am and 5:30pm AEDT Monday to Friday

Issued by

Dean Litis, Principal Adviser, Listings Compliance (Melbourne)

Contact information

Dean Litis
+61 (02)  9227 0000
info@asx.com.au

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