Notice

UPDATE - Golden State Mining Limited – DvP Settlement of Initial Public Offer ASX Code: GSMZZ

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1055.18.09
Date published: 20/09/18
Effective as of: 20/09/18
Last updated: 25/09/18

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

UPDATE – Settlement date is now 3 October 2018

 

What do I need to do by when?

Bid Details:

ISIN:

AU0000024325

02 October 2018:

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

03 October 2018:

Settlement Date 

TBD

GSMZZ holdings to be transformed to GSM by Security Transfer Australia Pty Ltd

Settlement Agent:

Hartleys Limited (PID 06086)

Contact: 

Donna Beaton

Phone:

(08) 9268 2803

Fax:

(08) 9268 2800

Email:

donna_beaton@hartleys.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 GSMZZ 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

Chris Mitchell, Post Trade Operations

Contact information

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

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