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INGENIA COMMUNITIES GROUP — Capital/Financing Update 2017
May 4, 2017
65125_rns_2017-05-04_83d5489d-ab2d-4bf3-b3ff-c2a10a4cfa82.pdf
Capital/Financing Update
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Notice
Notice reference number: 0486.17.05
Notice date: 05/05/2017
What’s this about?
Effective date: 05/05/2017
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ASX Trade ASX 24 ASX TECH
Trading Clearing Settlement ALC ASX NET
Operations Technology Market Data Rules Compliance Risk Other
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Title
Ingenia Communities Group – Accelerated Non-renounceable Pro-rata Entitlement Offer
1Description
On 3 May 2017, Ingenia Communities Group (Group) (ASX Code: INA) announced a fully underwritten institutional placement (Placement) and a 1 for 11 accelerated non-renounceable pro-rata entitlement offer of new stapled securities in the Group at an issue price of $2.60 per new stapled security to raise approximately $74 million (Entitlement Offer).
The Entitlement Offer has the following two components.
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An institutional entitlement offer, where offers have been made to eligible institutional holders of stapled securities for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).
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A retail entitlement offer, where offers will be made to eligible retail holders of stapled securities for them to apply for their pro-rata entitlement (Retail Entitlement Offer).
New stapled securities issued under the Entitlement Offer will rank equally in all respects with existing stapled securities.
The anticipated timetable in relation to the Entitlement Offer is set out below.
| Date | Event |
|---|---|
| Wednesday, 3 May 2017 | Trading Halt commences Announcement of Entitlement Offer and Placement |
| Friday, 5 May 2017 | Announcement of results of Institutional Entitlement Offer Trading halt lifted Trading in existing stapled securities resumes on an ex-entitlement basis (ASX Code: INA) Record Date for Entitlement Offer |
| Wednesday, 10 May 2017 | Retail Entitlement Offer opens |
| Friday, 12 May 2017 | Settlement of Institutional Entitlement Offer and Placement |
| Monday, 15 May 2017 | Issue and quotation of new stapled securities issued under Institutional Entitlement Offer and Placement (ASX Code: INA) |
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ASX Notice
(continued)
| Wednesday, 24 May 2017 | Retail Entitlement Offer closes |
|---|---|
| Monday, 29 May 2017 | Announcement of results of Retail Entitlement Offer |
| Wednesday, 31 May 2017 | Issue of new stapled securities under Retail Entitlement Offer |
| Thursday, 1 June 2017 | Quotation of new stapled securities issued under Retail Entitlement Offer (ASX Code: INA) |
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 entitlement’ 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 entitlement’ 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 entitlement’ market with respect to trading in the Group’s securities. Persons who acquire the Group’s securities after the commencement of the trading halt on Wednesday, 3 May 2017 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 Group’s announcements.
Need more information?
For further information, please refer to the Group’s announcements
Issued by George Tharian
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Contact Details (02) 9227 0000 [email protected]
Disclaimer
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