This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.

What do I need to do by when?

On 7 March 2023, Challenger Limited announced an offer of new securities called Challenger Capital Notes 4. That offer contains a Reinvestment Offer made to eligible clients of the Syndicate Brokers and Institutional Investors who are Eligible CCN2 Holders wishing to reinvest some of all of their Challenger Capital Notes 2 into Challenger Capital Notes 4.

The Reinvestment Offer opens on 15 March 2023.

For more information, including your options as a Challenger Capital Notes 2 holder, please see the Challenger Capital Notes 4 Prospectus dated 7 March 2023 which was lodged with ASIC and ASX on that date.

Bid Details

Offer Period

CHESS will process offer acceptance messages until 5:00pm (Sydney time) on 30 March 2023, or in the event that the offer closing date changes, such other time as may be notified by Challenger to the market.

For further information relating to the Offer or how to apply for the Notes, please call the Offer Information Line on 1800 780 782 (within Australia) or +61 3 9415 4065 (outside Australia) (Monday to Friday – 8:30am to 5:30pm) or contact a Syndicate Broker.  

Need more information?

Issued by

Rebecca Hayes, Equity Operations

Contact information

Rebecca
Hayes, Equity Operations
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. 

• 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.

Disclaimer