Notice

Dacian Gold Limited - Accelerated Non-Renounceable Entitlement Offer

What's this about:
Notice reference number: 0166.17.02
Date published: 22/02/17
Effective as of: 22/02/17
Last updated: 22/02/17

Dacian Gold Limited (ASX Code: DCN) (Company) has announced a  fully underwritten 1 for 3.1 accelerated non-renounceable pro-rata entitlement offer of new ordinary shares at an issue price of $2.00 per new share to raise approximately A$94.4 million (Entitlement Offer).      

The Entitlement Offer has the following two components.

  • An institutional entitlement offer, where offers have been made to qualifying institutional securityholders for them to apply for their pro-rata entitlement (Institutional Entitlement Offer).
  • A retail entitlement offer, where offers will be made to qualifying retail securityholders for them to apply for their pro-rata entitlement (Retail Entitlement Offer).

New shares issued under the Entitlement Offer will rank equally in all respects with existing shares from the date of issue.

The anticipated timetable in relation to the Entitlement Offer is set out below.

Event

Date

Trading Halt commences

Institutional Entitlement Offer conducted

Wednesday, 22 February 2017

Announce results of Institutional Entitlement Offer and Placement

Trading halt lifted

Trading in ordinary shares resumes on an ex-entitlement basis (ASX Code: DCN)

Friday, 24 February 2017

Record Date for Entitlement Offer

Friday, 24 February 2017

Retail Entitlement Offer Booklet and acceptance forms despatched

Retail Entitlement Offer opens

Tuesday, 28 February 2017

Settlement of Institutional Entitlement Offer and Placement

Friday, 3 March 2017

Issue of new shares under the Institutional Entitlement Offer and trading commences in new shares on a normal settlement basis (ASX Code: DCN)

Monday, 6 March 2017

Retail Entitlement Offer closes

Monday, 20 March 2017

Announce results and shortfall (if any) of Retail Entitlement Offer

Wednesday, 22 March 2017

Issue of new shares under the Retail Entitlement Offer

Monday, 27 March 2017

New shares issued under the Retail Entitlement Offer commence trading on a normal settlement basis (ASX Code: DCN)

Tuesday, 28 March 2017

Despatch of holdings statements 

Tuesday, 28 March 2017

 

Settlement issues

Despite the fact that securities are trading ‘ex entitlement’ on ASX Trade, CHESS will not recognise for settlement purposes the ‘ex entitlement’ or the ‘cum entitlement’ tag on CHESS messages and CHESS will not maintain cum balances during the deemed ‘CHESS ex-period’, i.e. the period commencing on the deemed CHESS ex-date up to and including the record date. However, a record date cum balance will be available the business day following the record date, which will be equal to the registered holding balance at CHESS end of day on the record date. As a result any transfer that occurs prior to record date will be effectively transferred on a ‘cum entitlement’ basis.

Therefore, Participants must ensure that any transfer, including the priming of Broker Entrepot Accounts, is conducted in accordance with the basis of quote. For example, a transfer in relation to a transaction conducted on an ‘ex entitlement’ basis should ordinarily only occur post record date.

CHESS will perform automatic diary adjustments to ‘cum entitlement’ settlement obligations outstanding as at the record date.

Trading issues

ASX will not price a ‘cum entitlement’ market with respect to trading in the Company’s securities. Persons who acquire the Company’s securities after the commencement of the trading halt on Wednesday, 22 February 2017 are not entitled to participate in the Entitlement Offer.

What do I need to do by when?

For further details, please refer to the Company’s announcements on Wednesday 22 February 2017.

Need more information?

Issued by

Elizabeth Harris

Contact information

 Elizabeth Harris
+61 (08)  9224 0000
info@asx.com.au

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