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PEXA GROUP LIMITED — Capital/Financing Update 2021
Jun 29, 2021
65637_rns_2021-06-29_74397672-9b53-4fb5-9009-e5ff1da30575.pdf
Capital/Financing Update
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Market Announcement
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30 June 2021
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PEXA Group Limited (ASX: PXA) – Admission and
Commencement of Official Quotation – Conditional Trading and Deferred Settlement Trading
Description
It is anticipated that PEXA Group Limited (‘PXA’) will be admitted to the Official List of ASX Limited (‘ASX’) on either the afternoon of Wednesday, 30 June 2021 or the morning of Thursday, 1 July 2021.
Official quotation of PXA’s ordinary fully paid shares is expected to commence at 1:00 PM (AEST) on Thursday, 1 July 2021 on a conditional and deferred settlement basis .
Under PXA’s replacement prospectus dated 21 June 2021 (the ‘Replacement Prospectus’) issued by PXA and PEXA SaleCo Limited (‘SaleCo’), PXA and SaleCo are expected to raise approximately $1,175 million by the issue and transfer of 68.6 million ordinary fully paid shares at $17.13 per share.
Quotation information
| Quotation information | |
|---|---|
| Quoted Securities: | 177,325,788 fully paid ordinary shares |
| ASX Code: | PXA |
| Time: | 01:00 PM (AEST) |
| Date: | Thursday, 1 July 2021 |
| ASX Trade Abbreviation: | PEXAGROUP |
| ISIN: | AU0000158594 |
| Home Branch: | Melbourne |
| Registered Office: | PEXA Group Limited |
| Address: ‘Tower Four Collins Square’, Level 16, 727 Collins Street, | |
| Docklands VIC 3008 | |
| Phone: (03) 7002 4500 | |
| Email: [email protected] | |
| Company Secretary: | Ian Gilmour |
| Share Registry: | Link Market Services Limited |
| Address: Locked Bag A14, Sydney South, NSW, 1235 | |
| Phone: 1300 554 474 | |
| Email: [email protected] | |
| Balance Date: | 30 June |
| CHESS: | Participating. CHESS and Issuer Sponsored. |
| Place of Incorporation: | New South Wales |
| Dividend Policy: | See section 4.12 of PXA’s Replacement Prospectus |
Market Announcement 1/3
30 June 2021 ASX Limited
ASX Customer Service Centre 131 279 | asx.com.au
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| Activities: | Operator of digital property settlement platform in Australia |
|---|---|
| Joint Lead Managers: | Barrenjoey Advisory Pty Limited, Macquarie Capital (Australia) Limited, |
| Morgan Stanley Australia Securities Limited and UBS AG, Australia Branch. | |
| Underwriters: | Barrenjoey Advisory Pty Limited, Macquarie Capital (Australia) Limited, |
| Morgan Stanley Australia Securities Limited and UBS AG, Australia Branch. | |
| ASX Restricted Securities: | None |
| Other Securities Not Quoted: | None |
Conditional and deferred settlement trading
PXA has requested that a conditional trading market be provided pursuant to ASX Operating Rule 3330. The conditions for the conditional market specified by PXA are (i) settlement occurring under the Underwriting Agreement (as defined in the Replacement Prospectus); and (ii) issue of the shares by PXA and transfer of shares by SaleCo to successful applicants and bidders under the Offer (as defined in the Replacement Prospectus).
In accordance with ASX Operating Rule 3330, ASX has agreed to provide a conditional market in PXA’s shares. PXA’s shares will commence trading on a conditional and deferred settlement basis at 1:00 PM (AEST) on Thursday, 1 July 2021.
The letters "CT" will be displayed in the Basis of Quotation field of ASX Trade to facilitate identification of PXA’s shares trading on a conditional basis. Market Participants should note that because no Special Market has been created within ASX Trade, Signal B trade messages will not contain explicit Conditional Trading Basis of Quotation. This information will be identified in the Daily Diary and Reference Point Master List.
PXA is required to advise ASX immediately of the fulfilment or non-fulfilment of the conditions for the conditional market. Notification as to when trading will become unconditional will be made in accordance with the ASX Operating Rules. The market will be advised by ASX market announcement when the conditions of the conditional market have been met and when the stock will commence trading on an unconditional basis. The market will not be purged.
In the case of fulfilment of the conditions, ASX will issue a further Market Announcement to Participants confirming trading arrangements and the date holding statements will be sent to successful applicants. At this stage, the conditions for the conditional market are expected to be met on Friday, 2 July 2021. PXA has agreed to send holding statements on Tuesday, 6 July 2021, which will mean that the first settlement date will be Wednesday, 7 July 2021.
Contract notes for conditional sales and purchases
While it is the Participant’s responsibility to obtain their own advice concerning the appropriate words that should appear on a contract note for a conditional sale or purchase, the endorsement suggested below may be considered for contract notes for conditional transactions in PXA’s shares.
"This contract is conditional upon notification being received by ASX by close of business on Thursday, 15 July 2021 that the conditions for the conditional market have been fulfilled. If the conditions are not fulfilled, this contract shall be cancelled without any liability whatsoever other than for the return of any money paid in connection with the settlement of the contract."
Advice should also be provided to clients to ensure that they understand the full ramifications of Conditional Trading.
Market Announcement 2/3
30 June 2021
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Indicative key dates
This timetable has been prepared on the basis that the conditions for the conditional market are expected to be satisfied by Friday, 2 July 2021. If the conditions are not fulfilled by the close of business on Thursday, 15 July 2021, shares will not be issued and transferred and all conditional trades that have occurred since Thursday, 1 July 2021 will be cancelled.
If the conditions are not satisfied by Friday, 2 July 2021, but are satisfied prior to the close of business on Thursday, 15 July 2021, the dates in the timetable will be revised and a new timetable will be released to the market.
| market. | |
|---|---|
| Date | Event |
| Thursday, 1 July 2021 | PXA admitted to the Official List of ASX |
| Commencement of Official Quotation on a conditional and deferred | |
| settlement basis – (ASX: PXA) | |
| Friday, 2 July 2021 | Settlement of the Offer |
| Last day of conditional trading | |
| Monday, 5 July 2021 | Conditions for the conditional market expected to be fulfilled (confirmed |
| prior to market open - by 9.30am (AEST)) | |
| Trading to commence on a normal settlement basis (ASX: PXA) | |
| Tuesday, 6 July 2021 | Holding statements sent to successful applicants |
Instructions
For further details, please refer to the Replacement Prospectus.
Need more information?
For further information, please call the PEXA IPO Information Line on 1800 129 431 (toll free within Australia) or +61 1800 129 431 (outside Australia) in each case, open from 8:30am to 5:30pm (AEST) Monday to Friday.
Disclaimer
Please refer to the following disclaimer.
Issued by
Shannon Nicholson
Principal Adviser, Listings Compliance (Perth)
Market Announcement 3/3
30 June 2021