It is anticipated that the Company will be admitted to the official list of ASX on the morning of Wednesday 16 November 2016.

Official quotation of the Company’s securities is expected to commence at 1.00pm AEDT on Wednesday 16 November 2016 on a conditional and deferred settlement basis. The Company has raised approximately $159.3 million pursuant to the prospectus dated 28 October 2016 by the issue of 66,372,105 fully paid ordinary shares at an issue price of $2.40 per share.    

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 under the Underwriting Agreement and (ii) the issue of shares to successful applicants under the Offer.

In accordance with ASX Operating Rule 3330, ASX has agreed to provide a conditional market in the Company’s securities. The Company’s securities will be placed in pre-open at 8.30am AEDT on Wednesday 16 November 2016 and trading is expected to commence on a conditional and deferred settlement basis at 1.00pm AEDT on Wednesday 16 November 2016.

The letters "CT" will be displayed in the Basis of Quotation field of ASX Trade to facilitate identification of the Company’s securities 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 ReferencePoint 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 by 9.30am AEDT on 18 November 2016. The Company has agreed to send holding statements on 21 November 2016, which will mean that the first settlement date will be 24 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 securities.

"This contract is conditional upon notification being received by ASX by close of business on Wednesday 30 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 on Friday 18 November 2016. If the conditions are not fulfilled by the close of business on Wednesday 30 November 2016, securities will not be issued and all conditional trades that have occurred since Wednesday 16 November 2016 will be cancelled.

If the conditions are not satisfied on Friday 18 November 2016, but are satisfied prior to the close of business on Wednesday 30 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 information, please call the Offer Information Line on 1800 425 578 (within Australia) or +61 1800 425 578 (from outside Australia) between 8.30am and 5.30pm (Sydney time) Monday to Friday. 

Need more information?

Please refer to the Company’s prospectus dated 28 October 2016.

Issued by

Lux Wigneswaran, Principal Adviser, Listings Compliance (Sydney)

Contact information

Lux Wigneswaran
+61 (02)  9227 0000
info@asx.com.au

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