Notice

Off-market takeover bid by Redstone Corporation Pty Ltd (“Redstone”) to purchase all of the shares in Atlas Iron Ltd (ASX code: AGO) (as at the Register Date) in which Redstone does not have a relevant interest

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0726.18.07
Date published: 02/07/18
Effective as of: 02/07/18
Last updated: 02/07/18

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:

Redstone Corporation Pty Ltd

UIC:

11517

Registry/Agent:

Link Market Services Limited

Target Issuer:

Atlas Iron Ltd

Target ASX Code:

AGO 

Takeover Code/Consideration

AGO001 - $0.042 cash per share

 

Offer Terms:

Offer Open Date:

2 July 2018

Offer Close Date:

7:00pm (AEDT time) on Friday, 3 August 2018 (unless extended or withdrawn)

 

CHESS will process acceptance messages until 7:00pm (AEDT time) on Friday, 3 August 2018 or in the event that the bid is extended, such other time as may be notified by Redstone to the market. 

The Redstone bid is conditional and a shareholder may only accept the offer in relation to all of their AGO shares held at the time the acceptance is processed. 

For further information regarding the Offer, please refer to the Replacement Bidder’s Statement dated 29 June 2018, or call the Offer Information Line on 1300 853 598 (within Australia) or +61 1300 853 598 (outside Australia).

Need more information?

Issued by

Chris Mitchell, Officer, 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

Disclaimer