This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.

ASX Settlement Participants are advised that the code of the takeover facility for the Mercantile OFM proportional off-market bid for Bauxite Resources Limited has been updated from BAU001 (refer to notice #1548.17.12) to BAU002.

All new acceptances should be submitted to this new facility. No other details about the offer have changed.

For more information about the offer’s terms, please refer to the offer’s bidder statement or the original ASX notice available here - https://www.asxonline.com/public/notices/2017/dec/1548.17.12.html

What do I need to do by when?

Anyone who wishes to accept into the Mercantile OFM offer is advised to use the details below. Exact offer details are provided in the bidder’s statement, market announcements, and previous ASX notices. 

Need more information?

Issued by

Chris Mitchell, Officer, Post Trade Operations

Contact information

Chris Mitchell
1800 623 571
cad@asx.com.au

General Information

Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below. 

• A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response. 
• In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
• Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
• if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise 
• by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer. 

Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.

Disclaimer