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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: |
Fat Prophets Global Contrarian Fund Limited |
|---|---|
UIC: |
11687 |
Registry/Agent: |
Computershare Investor Services Pty Limited |
ASX Code: |
FPC |
Offer Acceptance Codes: |
FPC005 – Shareholders will be issued units in Fat Prophets Global High Conviction Hedge Fund. The Buy-Back prices will be equal to the NAV net of tax per share in FPC as at the Closing date less a discount of 3% |
Offer Terms:
Offer Open Date: |
1 May 2023 |
|---|---|
Offer Close Date: |
5:00pm (Sydney time) on 31 May 2023 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 31 May 2023, or in the event that the offer is extended, such other times as may be notified by FPC to the market.
For further information regarding the offer please contact the Fat Prophets Global Contrarian Fund Information Line on 1300 881 177 (within Australia) 9.00am (AEST) to 5.00pm (AEST), Monday to Friday, excluding public holidays.
Need more information?
Issued by
Rebecca Hayes
Contact information
Rebecca Hayes
1800 814 051
chesshelp@asx.com.au
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.