Notice

Update - Amcor Limited (ASX Code: AMC) Proposed merger with Bemis Company, Inc. (NYSE: BMS) - Adjustment Implications for AMC ETOs.

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Notice reference number: 0426.19.05
Date published: 06/05/19
Effective as of: 06/05/19
Last updated: 07/05/19

Update  07/05/2019 - Participants are advised that the Scheme Timetable has been delayed as announced by the company.  ASX will advise the effective date when the new timetable is announced to the market. 

ASX Notice No. 0092.19.02 dated 13 February 2019 described the adjustment method that will apply to ETOs over Amcor Limited (ASX Code: AMC) relating to AMC’s scheme of arrangement to merge with Bemis Company Inc.  

Participants are advised that the scheme has been approved by Amcor and Bemis’ shareholders, but still subject to final court approval.

Key dates of the Scheme of Arrangement

Scheme Meeting

Thursday, 2 May 2019

Second Court Date for Approval of the Scheme

Tuesday, 7 May 2019

Scheme Effective Date

Trading in Amcor shares to be suspended from close of trading

Wednesday, 8 May 2019

New Amcor CDIs to commence trading on ASX on a deferred settlement basis

Thursday, 9 May 2019

Scheme Record Date

Friday, 10 May 2019

Scheme Implementation Date

Wednesday, 15 May 2019

New Amcor CDIs to commence trading on a normal settlement basis

Thursday, 16 May 2019

 

What do I need to do by when?

Effective Date

The Amcor PLC (CDIs) ETOs will be effective for trading from Thursday, 9 May 2019.

Exercise Restriction

Participants are advised that an exercise restriction will be placed on Wednesday, 8 May 2019 when the scheme becomes effective. 

Exercise during Deferred Settlement Period

Participants are reminded that options exercised during the deferred period will be settled after the end of the deferred settlement period.  

Need more information?

Issued by

Brendan Laird, Senior Manager, Post Trade Operations

Contact information

Cheng Zhang
1800 623 571
cad@asx.com.au

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