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Notice
This Notice is being issued to provide Participants with further information in relation to the Reinvestment Offer through CHESS.
On 1 March 2022, Commonwealth Bank of Australia ("CBA") announced a Reinvestment Offer providing Eligible CommBank PERLS IX Capital Notes
("PERLS IX") (ASX: CBAPF) Holders an opportunity to apply to reinvest all or some of their PERLS IX redemption proceeds in PERLS XIV ("Reinvestment
Offer").
What do I need to do by when?
Bid Details
Commonwealth Bank of Australia |
|
UIC: |
11696 |
Registry/Agent: |
Link Market Services Pty Limited |
ASX Code: |
CBAPF |
Offer Acceptance Codes: |
CBA001 - Commonwealth Bank of Australia CBA002 - ANZ Securities Limited CBA003 - Bell Potter Securities Limited CBA004 - Evans and Partners Pty Limited CBA005 - Macquarie Equities Limited CBA006 - Morgan Stanley Wealth Management Australia Pty Ltd CBA007 - Morgans Financial Limited CBA008 - National Australia Bank CBA009 - Ord Minnett Limited CBA010 - Westpac Institutional Bank CBA011 - JB Were CBA012 - Shaw and Partners CBA013 - UBS AG CBA014 - Institutional |
Offer Period
Important Information:
Each Eligible PERLS IX Holder is entitled to apply to reinvest some or all of their PERLS IX held on the Record Date in PERLS XIV in accordance with the Reinvestment Offer.
Offer Open Date: |
9 March 2022 |
|---|---|
Offer Close Date: |
5:00pm (Sydney time) on 23 March 2022 (unless varied) |
CHESS will process offer acceptance messages until 7:00pm (Sydney time) on 23 March 2022, or in the event that the offer dates are varied, such other times as maybe notified by CBA to the market.
For more information, talk to your Syndicate Broker, financial adviser or call the PERLS XIV Information Line on 1800 992 547 (Monday to Friday 8.00am – 7.30pm, Sydney time).
Need more information?
Issued by
Rebecca Hayes, Equity Operations
Contact information
Rebecca Hayes
1800 814 051
chesshelp@asx.com.au
General Information
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.
- A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response.
- In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
- Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
- if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise
- by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer.
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.