This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.
On 17 February 2020, National Australia Bank Limited (NAB):
- Issued a resale notice under the terms of the NAB Capital Notes issued by NAB on 23 March 2015 (NCN) (ASX: NABPC). That notice confirms that on 23 March 2020, all NCN on issue will be mandatorily purchased by a nominated purchaser appointed by NAB for $100 per NCN (NCN Resale Proceeds); and
- announced an offer of new securities called NAB Capital Notes 4. That offer contains a Reinvestment Offer which provides eligible holders of NCN with the opportunity to reinvest their NCN Resale Proceeds directly into NAB Capital Notes 4 and maintain an ongoing investment in securities issued by NAB.
The Reinvestment Offer is expected to open on 25 February 2020.
For more information, including your options as a NCN holder, please see the NAB Capital Notes 4 Prospectus dated 25 February 2020 which was lodged with ASIC and ASX on that date.
Bidder: |
National Australia Bank |
UIC: |
11594 |
Registry/Agent: |
Computershare Investor Services Pty Limited |
ASX Code: |
NABPC |
Offer Acceptance Codes: |
Please see below |
CHESS ACCEPTANCE CODE (proposed) |
Syndicate Broker |
NAB021 |
General/Non-Broker Firm Reinvestments |
NAB022 |
National Australia Bank |
NAB023 |
Morgan Stanley Australia |
NAB024 |
Morgans |
NAB025 |
Ord Minnett |
NAB026 |
UBS |
NAB027 |
Westpac |
NAB028 |
Bell Potter |
NAB029 |
Crestone Wealth Management |
NAB030 |
JBWere |
NAB031 |
Shaw and Partners |
Offer Open Date: |
25 February 2020 |
Offer Close Date: |
5:00pm (Sydney time) on 17 March 2020 (unless extended or withdrawn) |
CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 17 March 2020, or in the event that the offer is extended, such other times as may be notified by NAB to the market.
For further information relating to the Offer, please contact the NAB Capital Notes 4 Information Line on 1300 367 647 (within Australia) or +61 3 9415 4299 (outside Australia) (Monday to Friday 8.00am – 7.30pm)
Anjita Sharma, Equity Operations
Anjita Sharma
1800 814 051
chesshelp@asx.com.au
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.
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.