Notice

UPDATE: VRX Silica Limited - DvP Settlement of Entitlement Offer ASX Code: VRXXX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0377.24.04
Date published: 15/04/24
Effective as of: 15/04/24
Last updated: 06/05/24
This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Institutional Entitlement Offer by VRX Silica Limited.
 

What do I need to do by when?

Dates Updated

Bid Details:

ISIN:

AU0000327629

27 May 2024:

Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1]

28 May 2024:

Settlement Date 

29 May 2024:

VRXXX holdings to be transformed to VRX by Computershare Investor Services Pty Ltd

Settlement Agent:

Finclear Services Pty Ltd (PID 01792)

Contact: 

Melissa George

Phone:

(02) 9263 2795

 

[1] An existing market convention states that transactions should be matched before 4 pm on S-1. Unmatched transactions after this time may be matched up until 11.30 am on S without prior agreement with the counterparty. Any transactions remaining should only be matched in the last hour with agreement with the counterparty.

† The CHESS Subregister will close at 7.00pm. 

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of VRXXX where the Transaction Basis “I” (IPO) is used in CHESS messages.

Participants should be aware that transactions do not receive the benefit of central counterparty backing. Therefore, if there were a default the non-defaulting party would not be able to look to ASX Clear for completion of the transaction. 
 

Need more information?

Issued by

Serena Dang, Equity Post Trade Operations
 

Contact information

Equity Post Trade Operations
1800 814 051
CHESSHelp@asx.com.au

Disclaimer