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AMP LIMITED — Delisting Announcement 2021
Dec 20, 2021
64379_rns_2021-12-20_166d4bcd-eb66-489c-9115-6d2645a6ee63.pdf
Delisting Announcement
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ASX RELEASE | 21 December 2021
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AMP announces delisting from the NZX Main Board
AMP Limited today announces it will move to a sole listing on the Australian Securities Exchange (ASX) in February 2022 and accordingly delist from the New Zealand Exchange (NZX) Main Board.
The delisting will support the simplification of AMP’s shareholder administration ahead of the planned demerger of its Private Markets business in the first half of 2022. The delisting reflects the smaller number, and lower level of holdings of AMP shareholders on the New Zealand Exchange, following greater accessibility of the ASX to New Zealand-based shareholders.
Shareholders registered on the New Zealand Exchange will be sent the attached communication by email or post outlining the NZX delisting process. Shareholders do not need to take any action to facilitate the transfer of their holdings to the Australian register. New Zealand shareholders will still be able to trade AMP shares through any New Zealand stockbroker who can facilitate trading through the ASX.
NZX Regulation Limited, a separate and independently governed entity delegated to undertake NZX’s regulatory functions, has approved the delisting, subject to AMP meeting certain customary conditions.
NZX delisting key dates:
| NZX delisting key dates: | |
|---|---|
| Last day of trading AMP shares on NZX (last trading day) Trading halt on NZX implemented at 5pm (NZT) |
Wednesday 2 February 2022 |
| No trading of AMP shares on NZX | Thursday 3 and Friday 4 February 2022 |
| AMP delists from NZX. All shareholder details held on NZ share register transferred to Australian share register |
Close of business Friday 4 February 2022 |
| First day AMP shares will trade solely on the ASX | Monday 7 February 2022 |
Shareholders who have questions about the NZX delisting can call the AMP share registry on 0800 444 152 (within New Zealand), 1300 338 164 (within Australia) or +61 3 9415 4018 (other countries) Monday to Friday, 8.30am to 5.00pm Sydney, Australia time.
| Friday, 8.30am to 5.00pm Sydney, Australia time. | |
|---|---|
| Media enquiries Mark Roberts Mobile: +61 466 328 581 Katherine Perry Mobile: +61 411 247 629 |
Investor enquiries |
| Jason Bounassif Phone: +61 2 9257 9684 Michael Vercoe Phone: +61 2 9257 4244 |
Authorised for release by the Market Disclosure Committee.
CORPORATE AFFAIRS T 02 9257 6127 E [email protected] W AMP.com.au/media AMP_AU
AMP LIMITED 33 Alfred Street, Sydney NSW 2000 Australia ABN 49 079 354 519
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Contact details
T New Zealand 0800 444 152 Australia 1300 338 164 Other countries +61 3 9415 4018 E [email protected]
AMP
MR SAM SAMPLE FLAT 123 123 SAMPLE STREET THE SAMPLE HILL SAMPLE ESTATE SAMPLEVILLE VIC 3030
Delisting from the NZX Main Board
Dear Shareholder
This notice is to let you know about changes AMP Limited ( AMP ) is making to streamline our administration and shareholder services.
On Friday 4 February 2022, it is intended that AMP will delist from the Main Board operated by NZX Limited ( NZX ), with effect from close of business. NZ RegCo has approved the delisting, subject to AMP meeting certain customary conditions. This means that AMP will consolidate its listing solely on the Australian Securities Exchange ( ASX ).
The number of AMP shareholders who hold shares on the New Zealand exchanged has significantly reduced over time. Given the accessibility of the ASX to New Zealand-based shareholders, AMP considers delisting from NZX is an appropriate step.
What this means for you
You currently hold AMP shares on the New Zealand branch share register. Details of your shareholding are shown above.
Your shares will be automatically transferred to the Australian share register and you will receive a holding transaction statement by post with your new Shareholder Reference Number (SRN) from Computershare, AMP’s Share Registry. You do not need to do anything to facilitate this process. In order to move to a sole listing on the ASX, trading of AMP shares on NZX will cease at the close of business on 2 February 2022. NZX shares will be transferred to the ASX, and there be no NZX trading, on Thursday 3 February and Friday 4 February 2022. AMP will be delisted from NZX from the close of business on Friday 4 February 2022. The sole listing on the ASX will commence at the opening of the next trading day on Monday 7 February 2022.
The transfer of your shareholding to the ASX does not change your rights as an AMP shareholder. All the details recorded on your shareholding, including your registered address, dividend election, bank account, and communication elections will be transferred to the Australian register. Dividends will continue to be issued in New Zealand dollars and the reinvestment plan will continue to be offered to NZ based shareholders. The delisting of AMP Limited from the NZX has no impact on any policies or products you hold with AMP. This is only relevant for AMP Limited shares.
If you hold more than one parcel of AMP shares, you may want to consider merging those shares before the delisting. Please refer to the Shareholder FAQs on the following pages.
AMP Limited ABN 49 079 354 519
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NZX delisting key dates:
| NZX delisting key dates: | |
|---|---|
| 2 February 2022 Wednesday |
Last day of trading of AMP shares on NZX Trading halt on NZX implemented at 5pm (NZT) |
| Thursday 3 and Friday 4 February 2022 |
No trading of AMP shares on NZX |
| Friday 4 February 2022 | From close of business, AMP will delist from NZX. |
| Monday 7 February 2022 | First day AMP shares will trade solely on the ASX. A Holding statement will be mailed to NZ shareholders providing a new holder number (SRN) for the ASX. |
| Shareholder contact details and resources | |
| AMP Share Registry | Shareholders who have questions about the NZX delisting can call the AMP Share Registry on 0800 444 152 (within New Zealand), 1300 338 164 (within Australia), or +61 3 9415 4018 (other countries) Monday to Friday, 8.30am to 5.00pm Sydney, Australia time or email [email protected]. |
| Trading shares | If you have traded AMP shares on NZX using a broker, you should check with your broker whether they have the capability to trade on the ASX. If so, you can continue to trade your AMP shares using that broker. Alternatively, you can use these links to fnd brokers that trade on the ASX: Australia: www2.asx.com.au/investors/start-investing/fnd-a-broker-adviser New Zealand: www.nzx.com/services/market-participants/all-market- participants Getting set-up to trade on the ASX might take a few days, so allow for this time before you want to trade. |
Please read on further for answers to some frequently asked questions.
Yours sincerely
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Marissa Bendyk Company Secretary
Shareholder FAQs
1. When is AMP making the transition to a sole listing on the ASX? What is the process?
In order to move to a sole listing on the ASX, trading of AMP shares on NZX is expected to cease at the close of business on Wednesday 2 February 2022. shares registered on the New Zealand branch share register will be transferred to the Australian register, and there will be no NZX Trading, on Thursday 3 and Friday 4 February 2022.
The final NZX delisting is expected to occur at the close of business on Friday 2 February 2022. The sole listing on the ASX is expected to commence on the opening of the next trading day, Monday 7 February 2022.
2. What is the impact on NZX shareholders? Do I need to do anything?
If you are an existing shareholder and hold AMP shares on the New Zealand branch register, your shares will be automatically transferred to the Australian register prior to the opening of trading on Monday 7 February 2022. You do not need to take action to facilitate this process.
3. Will there be a charge to transfer NZX shares to the ASX?
No. The process will happen automatically for all NZ registered shareholders, and there will be no fees payable by NZ registered shareholders for the transfer.
4. Will NZX shares be transferred 1-for-1 on the ASX?
Yes – the number of shares that you own will remain the same.
5. When you have a sole listing on the ASX will you pay a dividend and in what currency?
AMP will continue to pay dividends in three currencies - Australian or New Zealand dollars or GBP - into the nominated account recorded on your shareholding.
6. Will my NZX shares be worth the same on the ASX?
Just as your AMP shares are currently traded at the market price on NZX, after the transfer, your shares trade at the market prices on the ASX. To view the AMP share price go to: amp.com.au/shares
7. How will exchange rates impact the value of my shareholding?
After the transfer, your AMP shares will be solely traded on the ASX (and therefore traded in Australian dollars). This means that exchange rate movements could impact the amount in New Zealand that you receive on the sale of any AMP shares, even if there is no change in the underlying share price. To view the AMP share price go to: amp.com.au/shares
8. Can I move my shares across to Australia now, before AMP officially delists from NZX?
Yes, you can move your shares to the Australian share register now. If you have a NZX broker, contact them to arrange the transfer. If you do not have a broker, contact the AMP share registry by phone or email to arrange the transfer. Please note, there is no trading on NZX on Thursday 3 and Friday 4 February 2022. If you are an NZX shareholder and want to trade your shares on those days, you should transfer your NZX shares to the ASX before Wednesday 2 February 2022.
9. How can I trade my shares once AMP has a sole listing on the ASX?
Buying or selling shares on the ASX will need to be facilitated by a broker. If your current NZ broker has the capability to trade on the ASX, you can continue to trade through them if you wish. Alternatively, you can use these links to find a broker www2.asx.com.au/investors/start-investing/find-a-broker-adviser and
www.nzx.com/services/market-participants/all-market-participants.
10. What is CHESS and what is the difference between a SRN and a HIN?
CHESS is the trading system of the ASX to record shareholdings and manage the settlement of share transactions. Shares that are registered with an ASX broker are CHESS Sponsored Shares. CHESS Sponsored Shares are allocated a HIN by the broker. The main differences between a HIN and a SRN is that you will only have one HIN (for each broker) that identifies all of your holdings in all of the companies you have invested in. If you have a SRN, you have one SRN for each company you have shares in. The SRN is the Australian equivalent of a Holder Number in New Zealand. For more information see
www.asx.com.au/documents/about/fact-sheet-chess-sponsored-and-issuer-sponsored-holdings.pdf.
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11. What if I already have a Holder Identification Number (HIN)?
For shareholders who already have a HIN, this will remain the same. If you already hae a HIN you can convert your shares from your new SRN to your HIN. Ask your boker to do this for you - it's call 'Issuer to CHESS' conversion.
12. What happens to my New Zealand Holder Number?
On the day of the commencement of the sole listing on the ASX, you will no longer have AMP shares recorded against your New Zealand Holder Number (CSN). You will no longer require this or your Authorisation Code (FIN) for your AMP shares. You will receive a holding transaction statement with a new holder number (SRN) from Computershare. You will also receive a Security Transaction Statement to confirm the removal of your holding from Computershare New Zealand Investor Services.
13. What happens to my New Zealand Common Shareholder Number (CSN)?
Your Common Shareholder Number (CSN) will still be valid, but you will no longer have AMP shares held against it. After your shares are moved to the ASX, you will receive a holding transaction statement with a new holder number (SRN) from Computershare. In order to trade your AMP shares in Australia, you may have to convert them to CHESS Sponsored Shares (see above).
14. Can I still view my shares on the Computershare Investor Centre website?
Existing Investor Centre members will have their new holder number (SRN) shareholding added to their portfolio view.
15. Can I view the history of my shareholding after my shares are moved to the ASX?
After AMP delists from NZX and migrates your shareholding to the ASX, the history of your shareholding will be available on Computershare’s Investor Centre. Details on how to access your shareholding online will be included with your new holding statement.
16. Can I trade my shares on NZX prior to the delisting?
Yes, you can trade as normal up to the final trading day on NZX which is Wednesday 2 February 2022. After the NZX delisting, trading will occur solely on the ASX.
17. How will I receive communications from AMP after the delisting?
There will be no change in how you receive communications about your AMP shares. If you wish to update your details go to: amp.com.au/shares/update
18. Who can I contact for further information?
Go to amp.com.au/shares or call the AMP Share Registry on 0800 444 152 (within New Zealand), 1300 338 164 (within Australia), or +61 3 9415 4018 (other countries) Monday to Friday, 8.30am to 5.00pm Sydney, Australia time.