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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.
Westpac Banking Corporation has announced the offer of a new security – Westpac Capital Notes 5 (WBCPH).
The Westpac Capital Notes 5 Offer (Offer) includes a Reinvestment Offer which will enable Eligible Westpac CPS Holders to apply to reinvest all or some of their Westpac CPS Transfer Proceeds towards the application for Westpac Capital Notes 5.
The Offer opened on 13 February 2018.
Eligible Westpac CPS Holders are registered holders of Westpac CPS at 7.00pm Sydney time on 29 January 2018 and shown on the Westpac CPS Register to have an address in Australia.
What do I need to do by when?
Bid Details:
Bidder: |
Westpac Banking Corporation |
|---|---|
UIC: |
11504 |
Registry/Agent: |
Link Market Services Limited |
ASX Code: |
WBCPC |
Offer Acceptance Codes: |
WBC001 – ANZ WBC002 – CBA WBC003 – JPMorgan WBC004 – Ord Minnett WBC005 – Morgans WBC006 – NAB WBC007 – JB Were WBC008 – UBS WBC009 – Crestone Wealth Management WBC010 – WIB WBC011 – BT Financial Group WBC012 – Bell Potter WBC013 – Macquarie Equities WBC014 – Shaw and Partners WBC015 – Evans & Partners WBC016 – Morgan Stanley WBC017 – Third Party Brokers WBC999 – Non-Broker Firm Reinvestment |
Offer Terms:
Offer Open Date: |
13 February 2018 |
|---|---|
Offer Close Date: |
5:00pm (Sydney time) on Tuesday, 06 March 2018 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 06 March 2018, or in the event that the Offer is extended, such other times as may be notified by WBC to the market.
For further information regarding the Offer, please contact the Westpac Capital Notes 5 Information Line (8.30am to 5.30pm (Sydney time) Monday to Friday, excluding public holidays) on 1300 784 494.
Need more information?
Issued by
Chris Mitchell, Post Trade Operations
Contact information
Chris Mitchell
1800 623 571
cad@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.