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Notice
Westpac Banking Corporation has announced the offer of a new security – Westpac Capital Notes 6 (WBCPI).
The Westpac Capital Notes 6 Offer (Offer) includes a Reinvestment Offer which will enable Eligible Westpac Capital Notes Holders to apply to reinvest all or some of their Westpac Capital Notes transfer proceeds towards the subscription for Westpac Capital Notes 6.
The Offer opened on 20 November 2018.
Eligible Westpac Capital Notes Holders are registered holders of Westpac Capital Notes at 7.00pm Sydney time on 5 November 2018 and shown on the Westpac Capital Notes Register to have an address in Australia.
What do I need to do by when?
Bid Details:
Bidder: |
Westpac Banking Corporation |
|---|---|
UIC: |
11545 |
Registry/Agent: |
Link Market Services Limited |
ASX Code: |
WBCPD |
Offer Acceptance Codes: |
WBC101 – ANZ WBC102 – CBA WBC103 – JPMorgan WBC104 – Ord Minnett WBC105 – Morgans WBC106 – NAB WBC107 – JB Were WBC108 – UBS WBC109 – Crestone Wealth Management WBC110 – Wilson HTM WBC111 – Westpac Institutional Bank WBC112 – BT Financial Group WBC113 – Bell Potter WBC114 – Credit Suisse WBC115 – Evans & Partners WBC116 – Macquarie Equities WBC117 – Morgan Stanley WBC118 – Shaw and Partners WBC119 – Third Party Brokers WBC199 – General (Non-Broker Firm) |
Offer Terms:
Offer Open Date: |
20 November 2018 |
|---|---|
Offer Close Date: |
5:00pm (Sydney time) on Tuesday, 11 December 2018 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 11 December 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 6 Information Line (8.30am to 5.30pm (Sydney time) Monday to Friday, excluding public holidays) on 1300 653 497.
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.