CLEARVIEW WEALTH LIMITED — Capital/Financing Update 2014

Feb 25, 2014

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What’s this about?Effective date: 26/02/2014	What’s this about?Effective date: 26/02/2014
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Title

ClearView Wealth Limited – Accelerated Non-Renounceable Entitlement Offer

Description

ClearView Wealth Limited (ASX Code: CVW) (Company) announced a 1 for 12 accelerated non-renounceable pro-rata entitlement offer of new ordinary shares at an issue price of $0.65 per new ordinary share to raise approximately A$25 million (Entitlement Offer), and an institutional placement of new ordinary shares at an issue price of $0.65 per new ordinary share to raise approximately A$20 million (Placement).

The Entitlement Offer has the following two components.

• An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).

• A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).

New ordinary shares issued under the Entitlement Offer and Placement will rank equally with existing ordinary shares on issue.

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event	Date
Trading Halt commencedInstitutional Entitlement Offer and Placement opensInstitutional Entitlement Offer and Placement closesAnnounce results of Institutional Entitlement Offer and PlacementTrading halt lifted (after market closes)	Wednesday 26 February 2014
Record date for Entitlement Offer	Monday 3 March 2014
Settlement of Institutional Entitlement Offer and Placement	Wednesday 5 March 2014
Retail Entitlement Offer opensIssue of securities under Institutional Entitlement Offer andPlacementTrading commences in securities issued under InstitutionalEntitlement Offer and Placement	Thursday 6 March 2014

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(continued)

ASX Notice Notice

Retail Entitlement Offer closes	Friday 21 March 2014
Retail Entitlement Offer results announced	Monday 24 March 2014
Settlement of Retail Entitlement Offer	Wednesday 26 March 2014
Issue of securities under Retail Entitlement Offer	Thursday 27 March 2014
Trading commences in securities issued under Retail Entitlement	Friday 28 March 2014
Offer

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ex-basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum’ market with respect to trading in the Company’s securities. Persons who acquire the Company’s securities after the commencement of the trading halt on Wednesday 26 February 2014 are not entitled to participate in the Entitlement Offer.

What do I need to do and by when?

For further details, please refer to the Company’s announcements on Wednesday 26 February 2014.

Need more information?

If further information is required in relation to the Entitlement Offer, please contact the Company’s Offer Information Line on 1300 298 042 (within Australia) or +61 3 9415 4110 (outside Australia) between 8:30am and 5:30pm Monday to Friday on or before 21 March 2014 or go to the Company’s website (www.clearview.com.au).

Issued by Stephanie So

Disclaimer

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