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?

Bid Details:

Offer Terms:

The Buy-Back Price is equal to the sum of the:

• NAV Per Unit as at the Buy-Back Pricing Date; and

• the amounts of distributions that the Unitholder would have been entitled to if the Unit was not cancelled from the Buy-Back Cancellation of Units Date up to the Buy-Back Pricing Date. The NAV per Unit price is the Net Tangible Asset Backing of each unit as defined in the ASX Listing Rules. The NAV Per Unit will be calculated by the Manager.

If the Responsible Entity receives acceptances for more units than 5% of the total Units of LF1, the number of each acceptor’s units will be subject to a Scale-Back and reduced by the same proportion needed to ensure the Responsible Entity buys back no more than 5% of the total Units of LF1. If the Responsible Entity only receives acceptances for less units than 5% of the total Units of LF1, then all accepting units will be bought back.

This off-market buy‑back (Buy-Back) was announced on Thursday, 7 August 2025. Refer to the Buy-Back Booklet on latrobefinancial.com.au/investing/la-trobe-private-creditfund-lf1 for further information about the Buy-Back.

CHESS will process offer acceptance messages until 5:00pm (Sydney time) on Thursday, 11 September 2025, or in the event that the offer is extended, such other times as may be notified by LF1 to the market.

For further information regarding the offer please contact the La Trobe Private Credit Fund Buy-Back Information Line on 13 13 57 (within Australia) or +61 3 8681 0007 for callers outside of Australia between 8:30am and 5:30pm (Melbourne time), Monday to Friday.

Need more information?

Issued by

Equity Post Trade 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 & Takeover Acceptance Removal Request Messages for a CHESS holding of securities. Some of these issues are summarised below.

A Participant must submit acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance Message) where the securities in Question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance Message) 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 the subposition will generate further electronic notification to the Participant and paper notification to the Holder.  

Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to submit an acceptance as follows:

If the Holder specifies the time when or by which the offer must be submitted, 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 is received from a Sponsored Holder.

If Securities in a CHESS holding have been reserved by ASX in an offer accepted subposition, a release of the Securities from that subposition may be initiated by a Valid Originating Message if the Holder of the Securities to which the tender relates is legally entitled.

A Participant must initiate removal of a Takeover Acceptance Message by transmission of an EIS type ‘085’ message (Takeover Removal Request Message) where the securities in Question are held in a CHESS Holding. The Participant will receive a ‘086’ message (Acceptance Removal Request Message) from CHESS in response.       

In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities have been removed from an offer-accepted subposition. Any change to the balance of securities in the subposition will generate further electronic advice to the Participant and paper advice to the Holder.

Participants should therefore retain, as a minimum, a record of the date on which instructions to withdraw Securities are received from a Sponsored Holder.

Disclaimer