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INVESTSMART GROUP LIMITED Share Issue/Capital Change 2006
65130_rns_2006-04-06_70e1d415-ee56-4e62-96b0-ec87aec49fb9.pdf
Share Issue/Capital Change
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FAT PROPHETS AUSTRALIA FUND LIMITED - UNSTAPLING OF STAPLED SECURITIES
Participating Organisations are advised that Fat Prophets Australia Fund Limited (the "Company"), currently a stapled security consisting of one ordinary share and one option exercisable at \$1.00 each between 20 April 2006 and 20 April 2008 ("Stapled Securities"), will unstaple on Thursday, 20 April 2006 (the "Unstapling").
From Wednesday 12 April 2006, the Company's ordinary shares (ASX code: FAT) and options (ASX code: FAT0) will trade separately, initially on a deferred settlement basis. The current ASX code FATS will cease to exist.
Therefore the number of securities held by security holders will change such that security holders will hold 1 share and 1 option for each Stapled Security previously held.
From 20 April 2006 each option entitles the registered option holder to subscribe for one (1) ordinary share in the Company at an exercise price of \$1,00 up until the expiry date (20 April 2008).
The following timetable will apply to the Unstapling.
| Date | Event |
|---|---|
| Tuesday, 11 April 2006 | Quotation of Stapled Securities suspended at close of trading (ASX Code: FATS) |
| Wednesday, 12 April 2006 | Deferred settlement trading commences: Ordinary Shares (ASX code: FAT) Options (ASX code: FATO) |
| Thursday, 20 April 2006 | Unstapling Date Record Date |
| Friday, 28 April 2006 | Despatch of holding statements |
| Monday, 1 May 2006 | Trading on a normal T+3 settlement basis commences: Ordinary Shares (ASX code: FAT) Options (ASX code: FATO) |
| Thursday, 4 May 2006 | Settlement of trades conducted on a deferred settlement basis and normal $T+3$ basis |
ASX Signal E and CHESS Diary Adjustment Processing
Participants are advised that the Unstapling of securities will not be supported by ASX Signal E. As a result, CHESS will not perform diary adjustments in the advent of failed settlement obligations.
For further details please refer to the Company's announcement on 30 March 2006 and the 2005 Annual Report.
No responsibility is accepted for any inaccuracies contained in the matter published.