Notice

Orion Minerals Limited - DvP Settlement of Placement ASX Code: ORNYY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1272.19.11
Date published: 15/11/19
Effective as of: 15/11/19
Last updated: 15/11/19

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Placement by Orion Minerals Limited. 

What do I need to do by when?

Bid Details:

ISIN:

AU0000065211

20 November 2019:

Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP Settlement between the two parties[1]

21 November 2019:

Settlement Date 

22 November 2019:

ORNYY holdings to be transformed to ORN by Link Market Services Limited

Settlement Agent:

Pershing Shares Australia (PID 01792)

Contact: 

Ben Parisek

Phone:

(02) 8999 4094

Fax:

(02) 8999 4070

Email:

Corporate-Actions@pershing.com


[1] An existing market convention states that transactions should be matched before 4 pm on S-1. Unmatched transactions after this time may be matched up until 11.30 am on S without prior agreement with the counterparty. Any transactions remaining should only be matched in the last hour with agreement with the counterparty.

† The CHESS Subregister will close at 7.00pm. 

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of ORNYY where the Transaction Basis “I” (IPO) is used in CHESS messages.

Participants should be aware that transactions do not receive the benefit of central counterparty backing. Therefore, if there were a default the non-defaulting party would not be able to look to ASX Clear for completion of the transaction. 

Need more information?

Issued by

Anjita Sharma, Equity Settlement Operations

Contact information

Equity Settlement Operations
1800 814 051
chesshelp@asx.com.au

Disclaimer