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WISETECH GLOBAL LIMITED — Capital/Financing Update 2016
Apr 10, 2016
66086_rns_2016-04-10_19f152ce-0d9d-4060-97e9-ee9bef21b220.pdf
Capital/Financing Update
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Notice
Notice reference number: 0362.16.04
Notice date: 8/04/2016
What’s this about?
Effective date: 8/04/2016
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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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0BTitle
WiseTech Global Limited – Admission and Commencement of Official Quotation
1BDescription
It is anticipated that WiseTech Global Limited (Company) will be admitted to the official list of ASX Limited (ASX) on the morning of Monday 11 April 2016.
Official quotation of the Company’s shares is expected to commence at 12:00pm AEST on Monday 11 April 2016 on a conditional and deferred settlement basis. The offer under the prospectus dated 17 March 2016 issued by the Company and WiseTech SaleCo Limited (Prospectus) is expected to raise approximately $167.6 million by the issue and transfer of 50,854,895 ordinary shares at an issue and sale price of $3.35 per share.
Quoted Securities: 290,628,597 fully paid ordinary shares ASX Code: WTC Time: 12:00pm AEST Date: 11 April 2016 ASX Trade Abbreviation: WISETECH ISIN: AU000000WTC3 Home Branch: Sydney Industry Classification: 4510 ‐ Software & Services Registered and Corporate 3a/72 O’Riordan Street Office: Alexandria NSW 2015 Phone: (02) 8001 2200 Website: www.wisetechglobal.com Communication person with Gail Williamson ASX: Share Registry: Link Market Services Limited Level 12 680 George Street Sydney NSW 2000
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ASX Notice
Phone: 1300 554 474 Fax: (02) 9287 0303 Balance Date: 30 June CHESS: Participating. The Company will also operate an issuer sponsored sub‐register. State of Incorporation: New South Wales Activities: Provider of software solutions to the logistics industry globally Dividend Policy: See section 4.15 on page 97 of the Prospectus Joint Lead Managers: Credit Suisse (Australia) Limited Morgan Stanley Australia Securities Limited ASX Restricted Securities: Nil Securities not quoted: 2,385,628 share rights with a nil exercise price
CONDITIONAL AND DEFERRED SETTLEMENT TRADING
The Company has requested that a conditional trading market be provided pursuant to ASX Operating Rule 3330. The conditions for the conditional market specified by the Company are (i) settlement occurring under the Offer Management Agreement (as defined in the Prospectus); and (ii) the issue and transfer of shares under the Offer.
In accordance with ASX Operating Rule 3330, ASX has agreed to provide a conditional market in the Company’s shares. The Company’s shares will commence trading on a conditional and deferred settlement basis at 12:00pm AEST on Monday 11 April 2016.
The letters "CT" will be displayed in the Basis of Quotation field of ASX Trade to facilitate identification of the Company’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.
The Company 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 release 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 Notice 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 by 9:30am AEST on Thursday 14 April 2016. The Company has agreed to send holding statements on Friday 15 April 2016, which will mean that the first settlement date will be Wednesday 20 April 2016.
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 the Company’s shares.
"This contract is conditional upon notification being received by ASX by close of business on Tuesday 26 April 2016 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.
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ASX Notice
INDICATIVE KEY DATES
This timetable has been prepared on the basis that the conditions for the conditional market are expected to be satisfied by 9:30am AEST on Thursday 14 April 2016. If the conditions are not fulfilled by the close of business on Tuesday 26 April 2016, shares will not be issued and transferred and all conditional trades that have occurred since Monday 11 April 2016 will be cancelled.
If the conditions are not satisfied by 9:30am AEST on Thursday 14 April 2016, but are satisfied prior to the close of business on Tuesday 26 April 2016, the dates in the timetable will be revised and a new timetable will be released to the market.
| Date | Event |
|---|---|
| Monday 11 April 2016 | Company admitted to the official list of ASX Commencement of Official Quotation on a conditional and deferred settlement basis – 12:00pm AEST(ASX Code: WTC) |
| Wednesday13 April 2016 | Last dayof conditional trading |
| Thursday 14 April 2016 | Conditions for the conditional market expected to be fulfilled (confirmed prior to market open – by 9:30am AEST) Tradingto commence on a deferred settlement basis only (ASX Code: WTC) |
| Friday 15 April 2016 | Holding statements sent to successful applicants Last dayof tradingon a deferred settlement basis |
| Monday18 April 2016 | First dayof tradingon a normal(T+2)basis(ASX Code: WTC) |
| Wednesday 20 April 2016 | Settlement of all on‐market trades conducted on a conditional and/or deferred settlement basis from 11 to 15 April 2016, and first settlement of trades conducted on a T+2 basis |
What do I need to do and by when?
2BInstructions
Please refer to the Prospectus and the Company’s website for further information.
Need more information?
For further information, please call the WiseTech Offer Information Line on 1800 828 558 (toll free within Australia) or +61 1800 828 558 (outside Australia) between 8:30am and 5:30pm AEST Monday to Friday.
Issued by
Emma Badhni
5Disclaimer
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