Notice

Island Pharmaceuticals Limited - DvP Settlement of Initial Public Offer ASX Code: ILAZZ

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0258.21.03
Date published: 05/03/21
Effective as of: 05/03/21
Last updated: 05/03/21

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Initial Public Offer by Island Pharmaceuticals Limited.

What do I need to do by when?

Bid Details:

ISIN:

AU0000138901

29 March 2021:

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

30 March 2021:

Settlement Date 

31 March 2021:

ILAZZ holdings to be transformed to ILA by Automic Registry Services

Settlement Agent:

Finclear Pty Ltd (PID 01822)

Contact: 

Stephanie McCormick

Phone:

(03) 9081 3409


[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 ILAZZ 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

Darren Tay, Equity Operations

Contact information

Equity Operations
1800 814 051
pmf@asx.com.au

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