Notice

UPDATE: Vonex Limited – DvP Settlement of Initial Public Offer ASX Code: VN8XX

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0407.18.04
Date published: 27/04/18
Effective as of: 27/04/18
Last updated: 27/04/18

This Notice is being issued to provide Participants with further information on the DvP Settlement service extended to support the Initial Public Offer by Vonex Limited.

What do I need to do by when?

UPDATE – Please note that the settlement date has been amended to Monday, 4th of June 2018.

Bid Details:

ISIN:

AU0000008070

1 June 2018:

Deadline for all parties to transmit Dual Entry Settlement Instructions to effect CHESS DVP  Settlement between the two parties[1]

4 June 2018:

Settlement Date 

 5 June 2018:

VN8XX holdings to be transformed to VN8 by Computershare Investor Services Pty Ltd

Settlement Agent:

State One Stockbroking Ltd (PID 06788)

Contact: 

Linda Hill

Phone:

(08) 9288 3328

Fax:

(08) 9321 6998

Email:

lhill@stateone.com.au


[1] An existing market convention states that transactions should be matched before 4 pm on S-1. Unmatched transactions after this time may be matched up until 11.30 am on S without prior agreement with the counterparty. Any transactions remaining should only be matched in the last hour with agreement with the counterparty.

† The CHESS Subregister will close at 7.00pm. 

CHESS Charges

The CHESS tariffs for processing individual transactions will not apply to Participants in the processing of VN8XX where the Transaction Basis “I” (IPO) is used in CHESS messages.

Participants should be aware that transactions do not receive the benefit of central counterparty backing. Therefore, if there were a default the non-defaulting party would not be able to look to ASX Clear for completion of the transaction. 

Need more information?

Issued by

Anjita Sharma, Post Trade Operations

Contact information

Anjita Sharma
1800 623 571
pmf@asx.com.au

Disclaimer