Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
On 23 November 2016 Smart Parking Limited (ASX Code: SPZ) (“Company”) announced a fully underwritten 1 for 7 accelerated non-renounceable entitlement offer of new shares (“Entitlement Offer”) to raise approximately $10.9 million at a price of $0.20 per new share to fund capital expenditure, sales, marketing, technology enhancements and working capital requirements of the Company.
The Entitlement Offer comprises a non-renounceable entitlement offer to institutional shareholders (“Institutional Entitlement Offer”) and to retail shareholders (“Retail Entitlement Offer”).
EVENT |
DATE |
Trading halt commences Announcement of Placement and Entitlement Offer Institutional Entitlement Offer opens |
Wednesday, 23 November 2016 |
Institutional Shortfall Bookbuild |
Thursday, 24 November 2016 |
Announcement of results of Placement and Institutional Entitlement Offer Trading halt lifted Trading resumes on an ex-entitlement basis Record date to identify shareholders entitled to participate in the Retail Entitlement Offer |
Friday, 25 November 2016 |
Settlement of Placement and Institutional Entitlement Offer Retail Entitlement Offer opens |
Wednesday, 30 November 2016 |
Quotation of Shares issued under Placement and Institutional Entitlement Offer |
Thursday, 1 December 2016 |
Retail Entitlement Offer closes |
Tuesday, 13 December 2016 |
Announcement of results of Retail Entitlement Offer |
Friday, 16 December 2016 |
Retail Shortfall Bookbuild Settlement of Retail Entitlement Offer |
Monday, 19 December 2016 |
Issue of Shares under Retail Entitlement Offer |
Tuesday, 20 December 2016 |
Quotation and trading commences on a normal settlement basis |
Wednesday, 21 December 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 Wednesday 23 November 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 Wednesday, 23 November 2016
Need more information?
For further details, please refer to the Company’s announcements on Wednesday, 23 November 2016
Issued by
Jeremy Newman, Senior Adviser, Listings Compliance (Perth)
Contact information
Jeremy Newman
+61 (08) 9224 0000
info@asx.com.au