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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: |
Charter Hall Wholesale Management Limited |
|---|---|
UIC: |
11805 |
Registry/Agent: |
Link Market Services Limited |
Target Issuer: |
Hotel Property Investments Limited |
Target ASX Code: |
HPI |
Takeover Code/Consideration |
HPI001 – $3.65 cash per HPI stapled security |
Offer Period
Offer Open Date: |
25 September 2024 |
|---|---|
Offer Close Date: |
7:00pm (Sydney time) on 4 November 2024 (unless extended or withdrawn) |
CHESS will process acceptance messages until 7:00pm (Sydney time) on 4 November 2024, in the event that the bid is extended, such other time as may be notified by Charter Hall Wholesale Management Limited to the market.
The offer is conditional and HPI securityholders may only accept the offer in
relation to all of their HPI securities held at the time the acceptance is processed.
For further information regarding the offer, please call 1800 178 658 (within
Australia) or +61 1800 178 658 (outside Australia) if you require assistance
with your acceptance between 8.30am and 5.30pm (Sydney time) Monday to Friday (excluding public holidays) or at the Offer website https://events.miraqle.com/ch-offer/.
Need more information?
Issued by
Rebecca Hayes, Equity Operations
Contact information
Rebecca Hayes, Equity Operations
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.