Participant
Technical Services
Credential Services
Listed Company
Professional Adviser
Information Provider
Information Services
AMO
Notice
Think Childcare Limited (TNK or Think Childcare) is to create a stapled group comprising Think Childcare (the existing ASX listed entity) and a new entity, called Think Childcare Development Limited (TND). Think Childcare is to create the stapled group by Stapling each fully paid ordinary share in TNK (TNK Share) to a like number of fully paid ordinary shares in TND (TND Share) (Stapling Proposal). Think Childcare has announced a Special Dividend and will direct the Special Dividend amount to be applied by Scheme Shareholders for new shares in TND.
Under the terms of the Scheme, the Special Dividend (of $6 million) will be applied by TNK on behalf of Scheme Shareholders as consideration for new TND Shares on the basis of one (1) new TND Share for each TNK Share held by each Scheme Shareholder (except for Foreign Scheme Shareholders) as at the Record Date for the Scheme. Scheme Shareholders will be taxed in respect of their pro rata share of the Special Dividend. The Special Dividend is expected to be fully franked. Scheme Shareholders will not receive or be able to elect to receive the Special Dividend in cash. The Special Dividend will be paid on Monday, 23 December 2019 to TND on behalf of TNK Shareholders registered as at the Special Dividend Record Date (currently proposed to be 7.00pm on Tuesday, 17 December 2019).
ReferencePoint Corporate Action, ReferencePoint Master List, Daily Diary and Weekly Summary customers are advised that the stapling proposal will be processed and disseminated in ASX products as a reconstruction event with a 1 for 1 ratio.
Customers are also advised that the Special Dividend will not be captured in ASX products.
Customers are to refer to the market announcement titled “Scheme Booklet - Think Childcare Limited” under the Issuer Code TNK announced on 1 November 2019.
Below are some of the dates as provided in the Scheme Booklet:
Suspension of trading in TNK Shares on ASX |
10:00am on Monday, 16 December 2019 |
Record date for determining entitlements to the Special Dividend to be applied for TND Shares (Special Dividend Record Date) |
Tuesday, 17 December 2019 |
Record Date for participation in the Scheme (Record Date) |
Friday, 20 December 2019 |
Date on which TND Shares are issued and stapled to TNK Shares (Implementation Date) |
Monday, 23 December 2019 |
Commencement of trading in Stapled Securities on ASX |
Tuesday, 24 December 2019 |
Upcoming Events
Date |
Event |
Bulletin/Notice No. |
24 February 2020 |
Introduction of new S&P/ASX All Technology Index |
52/19 |
2 March 2020 |
Changes to ComNews sub-report type codes under primary report codes 06000 and 19000 |
51/19 |
What do I need to do by when?
Impacted ASX Market Information customers are requested to refer to the market announcement titled “Scheme Booklet - Think Childcare Limited” under the Issuer Code TNK announced on 01 November 2019 for further details and to manually capture the Special Dividend if required.
Need more information?
Issued by
Houda Harb, Product Manager - Information Services
+612 9227 0422
houda.harb@asx.com.au
Contact information
Customer Technical Support
1800 663 053
+612 9227 0372
CTS@asx.com.au