Notice

UPDATE: Patagonia Lithium Ltd - DvP Settlement of Initial Public Offer ASX Code: PL3YY

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1319.22.11
Date published: 29/11/22
Effective as of: 29/11/22
Last updated: 29/11/22

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Initial Public Offer by Patagonia Lithium Ltd.

 

UPDATE: Dates Amended

 

What do I need to do by when?

Bid Details:

ISIN:

AU0000253890

09 December 2022:

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

12 December 2022:

Settlement Date 

19 December 2022:

PL3YY holdings to be transformed to PL3 by Automic Registry Services

Settlement Agent:

Finclear Pty Ltd (PID 01822)

Contact: 

Sam Carling

Phone:

(02) 8039 6004


[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 PL3YY 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

Janette Torres, Equity Operations

Contact information

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

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