Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
On 1 February 2017, Animoca Brands Corporation Limited (ASX Code: AB1) (Company) announced a 4 for 5 fully underwritten accelerated non-renounceable pro-rata entitlement offer of new ordinary shares in the Company at an issue price of $0.03 per new share to raise approximately $5.2 million (Entitlement Offer).
The Entitlement Offer has the following two components.
An institutional entitlement offer, where offers have been made to eligible institutional shareholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).
A retail entitlement offer, where offers will be made to eligible retail shareholders for them to apply for their pro‑rata entitlement (Retail Entitlement Offer).
New ordinary shares issued under the Entitlement Offer will rank equally in all respects with existing ordinary shares.
The anticipated timetable in relation to the Entitlement Offer is set out below.
Date |
Event |
Wednesday, 1 February 2017 |
Trading Halt commences Announcement of Entitlement Offer |
Thursday, 2 February 2017 |
Institutional Entitlement Offer opens |
Monday, 6 February 2017 |
Announcement of results of Institutional Entitlement Offer Trading halt lifted Trading in existing ordinary shares resumes on an ex-entitlement basis (ASX Code: AB1) Record Date for Entitlement Offer |
Wednesday, 8 February 2017 |
Settlement of Institutional Entitlement Offer |
Thursday, 9 February 2017 |
Issue and quotation of new shares issued under Institutional Entitlement Offer (ASX Code: AB1) Retail Entitlement Offer opens |
Monday, 27 February 2017 |
Retail Entitlement Offer closes |
Tuesday, 28 February 2017 |
Announcement of results of Retail Entitlement Offer Settlement of Retail Entitlement Offer |
Wednesday, 1 March 2017 |
Issue of new shares under Retail Entitlement Offer |
Thursday, 2 March 2017 |
Quotation of new shares issued under Retail Entitlement Offer (ASX Code: AB1) |
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, 1 February 2017 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.
Need more information?
For further information, please call the Company’s Entitlement Offer Information Line on (02) 8006 4288 (within Australia) or +852 2534 0828 (outside Australia) from 9.00am to 5.00pm AEDT Monday to Friday.
Issued by
Elvis Onyura, Senior Adviser, Listings Compliance (Sydney)
Contact information
Elvis Onyura
+61 (02) 9227 0000
info@asx.com.au