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Notice
The warrants may be issued with a Barrier/Stop Loss, Cap, Reset Date/s or other features.
Please refer to the relevant PDS for confirmation of which of these features (if any) apply to the below warrants.
21 October 2016 |
Annual Reset Date. Last day for trading cum Current Loan Amount. |
24 October 2016 |
Commence deferred settlement trading on the basis of the New Loan Amount (interest and borrowing fees having been paid) under ASX codes xxxDOA. All Rolling Instalments will accordingly be tagged as trading on a rollover complete basis (RC) and on a reconstructed basis (RE). |
25 October 2016 |
Rollover Record Date. |
2 November 2016 |
Last day for deferred settlement trading. All holdings updated at the close of trading following the netting and lapse process (if and when applicable - refer to terms of issue for further details). |
3 November 2016 |
Normal trading (T+2) commences under ASX codes xxxIOA. |
7 November 2016 |
Settlement of deferred settlement trades. |
It should be noted that Instalment holders wishing to sell Rolling Instalments in the period from 24 October 2016 – 2 November 2016 (inclusive) should confirm the number of Instalments they hold before offering to sell those Instalments. Due to the netting and lapse process (please refer to the terms of issue for full details) there is a risk that a holder, who is required to make a Rollover Payment to retain all of their existing Rolling Instalments, may not be able to determine exactly how many Rolling Instalments they hold if they do not pay Citigroup the Rollover Payment prior to 5pm on 25 October 2016.
If an Instalment holder wishes to ensure they can meet their settlement obligations when selling their Instalments during the period 24 October 2016 – 2 November 2016, they must pay any Rollover Payment prior to 5pm on 25 October 2016 (please refer to terms of issue for procedures relating to payment).
Brokers should note that if their selling client fails to pay any amounts owing to Citigroup on Rolling Instalments they have sold on or after 25 October 2016, and Citigroup lapse any of those Rolling Instalments, the selling client may not hold sufficient Rolling Instalments on the settlement date to meet their settlement obligations.
Alternatively, if a holder sells any Rolling Instalments where an amount is due and the trade has not settled by the Record Date, those trades will fail. In such circumstances, Citigroup will provide to ASX Settlement Pty Limited (“ASXS”) the lapse ratio by which any unsettled trades should be adjusted. ASTC will manually adjust the failed obligation to reflect the adjustment in CHESS. These adjustments will be effective 26 October 2016.
The following tables detail the Old Loan Amount and, effective from 24 October 2016, the New Loan Amount that will apply to trading of these Instalments on ASX Trade. Please contact Citigroup for details regarding the amount of any Rollover Payment or Rollover Cashback amount.
Citigroup Reset Instalments (ASX Code xxxIOA)
ASX Code |
ASX Code during deferred settlement trading period |
Current Loan Amount |
New Loan Amount |
ANZIOA |
ANZDOA |
$15.00 |
$14.50 |
BENIOA |
BENDOA |
$5.00 |
$5.50 |
BHPIOA |
BHPDOA |
$15.00 |
$11.00 |
BOQIOA |
BOQDOA |
$6.00 |
$6.00 |
CBAIOA |
CBADOA |
$50.00 |
$39.00 |
CWNIOA |
CWNDOA |
$6.50 |
$7.30 |
IAGIOA |
IAGDOA |
$2.8988 |
$2.90 |
MPLIOA |
MPLDOA |
$1.70 |
$1.40 |
MQGIOA |
MQGDOA |
$50.00 |
$43.00 |
NABIOA |
NABDOA |
$16.9894 |
$14.50 |
ORGIOA |
ORGDOA |
$3.50 |
$2.80 |
QANIOA |
QANDOA |
$1.8809 |
$1.80 |
QBEIOA |
QBEDOA |
$7.50 |
$5.30 |
RIOIOA |
RIODOA |
$30.00 |
$26.00 |
STOIOA |
STODOA |
$3.00 |
$2.00 |
STWIOA |
STWDOA |
$25.00 |
$27.50 |
SUNIOA |
SUNDOA |
$6.50 |
$7.00 |
TLSIOA |
TLSDOA |
$3.50 |
$2.80 |
WBCIOA |
WBCDOA |
$17.00 |
$16.00 |
WESIOA |
WESDOA |
$22.00 |
$23.50 |
WOWIOA |
WOWDOA |
$16.00 |
$12.50 |
| WPLIOA | WPLDOA |
$18.00 |
$15.00 |
For further details in relation to these amounts please refer to the Citigroup announcements regarding these Instalments or contact Citigroup on 1300 30 70 70.
GENERAL FEATURES OF ROLLING INSTALMENTS
For the full terms of issue please refer to the Citigroup Supplementary PDS or the original PDS.
TREATMENT OF DIVIDENDS ANNOUNCED DURING DEFERRED SETTLEMENT TRADING
If any underlying stock commences trading on an ex-dividend basis during the deferred settlement period, the corresponding instalment will also commence trading on an ex-dividend basis at the same time. All instalment trades prior to the ex-dividend date, that occur during deferred settlement trading, will be diary adjusted to ensure that those entitled to receive a dividend will receive the full benefit.
Need more information?
Jennifer Croft | Senior Manager, Issuer Services Operations
Contact information
Sioe The
+61 (02) 9227 0270
info@asx.com.au