Notice

Pointsbet Holdings Limited (ASX Code: PBH) Proposed Bonus Equity Option Offer- Adjustment Implications for ETOs

What's this about:
  • ASX Market
  • Settlement
  • Clearing
  • Operations
  • Technology
  • Market Data
  • Compliance
  • Trading
  • Risk
  • Equity Derivatives
Notice reference number: 0688.22.06
Date published: 28/06/22
Effective as of: 28/06/22
Last updated: 28/06/22

Pointsbet Holdings Limited (ASX Code: PBH) have a deferred bonus equity option (DBEO) issuance to eligible shareholders. The PBH DBEOs will only be exercisable if the Board determines to vest the DBEOs by giving a Vesting Notice. The Board retains discretion whether to vest the DBEOs, and may choose not do so before the DBEOs expire.

ASX Clear has determined that there will be no ETO adjustments based on the following rationale:

a) The date that the DBEO will be exercisable/vested is undeterminable and at the discretion of the company.

b) The exercise uncertainty of the DBEO does not allow for the market to accurately determine the market value of this corporate action.

What do I need to do by when?

Participants should be aware of the content of this Notice.

Need more information?

Issued by

Greg Fitzpatrick, Clearing Operations

Contact information

William Ward
clearing@asx.com.au

Disclaimer