This Notice is being issued to provide Participants with the termination settlement prices for Asciano Limited ETOs under 100% cash offer scheme

Asciano Limited – Termination Settlement Price For AIO ETOs 

ASX Participants and ASX Clear Pty Limited (ASXCL) Participants were advised in ASX Notice No. 0695.16.06 dated 16 June 2016 of the proposed method of termination for ETOs over Asciano Limited (ASX Code: AIO) under scheme offer by Australian Logistics Acquisition Investments Pty Limited involving $9.15 cash per share. 

Scheme Effective Date 

The scheme was approved by shareholders at the scheme meeting on 3 June 2016.  Court approval is confirmed and the scheme is effective on 29 July 2016, the last day of trading of AIO shares on ASX will be 29 July 2016. 

Confirmation of No Market Available

As AIO shares will be suspended after the last day of trading, ASX in consultation with ASXCL have determined that there will be no market available in AIO ETOs. Accordingly, the termination of AIO ETO series set out in the earlier notice will proceed after the close of trading on Friday, 29 July 2016. 

Restriction on Exercise on 29 July 2016

As advised earlier, an exercise restriction of AIO ETOs will be effective on 29 July 2016, this being the last day of trading of the AIO shares.

What do I need to do by when?

Participants should be aware of the content of this Notice as it sets out the treatment of the termination with respect to open positions in ASX AIO ETO contracts. 

Termination Prices of Series

Termination will be done at intrinsic value for each series using the cash offer consideration of $9.15 per share applied to AIO shares. 

Option positions held at the close of business on Friday, 29 July 2016 will be closed out and cash settled at intrinsic value. Takers will be credited and writers debited. ASXCL will settle these cash amounts on Monday, 1 August 2016.

Please refer to table for each series which can be found "here".

Need more information?

Issued by

Eldon Hernando, Senior Officer, Post Trade Operations

Contact information

Eldon Hernando
1800 623 571
cad@asx.com.au 

Disclaimer