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Notice
This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.
What do I need to do by when?
Bid Details:
Bidder: |
Saracen Metals Pty Limited |
|---|---|
UIC: |
11571 |
Registry/Agent: |
Computershare Investor Services Pty Limited |
Target Issuer: |
Bligh Resources Limited |
Target ASX Code: |
BGH |
Takeover Code/Consideration |
BGH001 - 0.0369 Saracen Shares for every 1 of your Bligh Shares (No Withholding Declaration). BGHWHD - 0.0369 Saracen Shares for every 1 of your Bligh Shares (Withholding Declaration). |
Offer Terms:
Offer Open Date: |
Wednesday, 10 July 2019 |
|---|---|
Offer Close Date: |
7:00pm (Sydney time) on Monday, 12 August 2019 (unless extended or withdrawn) |
CHESS will process acceptance messages until 7:00pm (Sydney time) on Monday, 12 August 2019 or in the event that the bid is extended, such other time as may be notified by the bidder to the market.
The BGH bid is conditional and a shareholder may only accept the offer in relation to all of their BGH Shares held at the time the acceptance is processed.
For further information regarding the Offer, please contact Fiona Baird from Saracen on 08 6229 9157 between 9am and 5pm (Perth Time) Monday to Friday, or consult your financial or other professional advisor.
Need more information?
Issued by
Sherly Tatang, Post Trade Operations
Contact information
Sherly Tatang
General Information
Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below.
A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response.
In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise
by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer.
Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.