Afterpay Limited – Implication of APT ETOs under acquisition by Block, Inc.

Further to notice 1882.21.12 Afterpay Limited have announced that Block, Inc. (NYSE: SQ) (Block) (formerly known as Square, Inc. (Square)) has now received approval from the Bank of Spain in respect of the acquisition by Lanai (AU) 2 Pty Ltd, a wholly owned indirect subsidiary of Block, of Afterpay by way of scheme of arrangement (Scheme).

With the Bank of Spain approval, the Scheme is fully unconditional and will be implemented without the need for further shareholder or Court approval.

Termination of ETOs

Afterpay shares will cease trading on the 19 January 2022. ASX will NOT list new ETOs over the new Block CDIs (formerly known as Square, Inc. (Square)). 

Afterpay ETOs will be terminated on the 19 January 2022, the last trading day of Afterpay shares. The basis price for the Afterpay ETOs will be the last traded price on 19 January 2022 for Afterpay shares.

Exercise Restriction

Exercises will be restricted on the last day of trading of APT shares on the ASX.

What do I need to do by when?

Participants should be aware of the treatment of ASX APT ETOs due to this corporate action.

Effective Date

A further ASX Notice will be released after the close of trading on Wednesday, 19 January 2022 setting out the table of termination prices.

Need more information?

Issued by

Will Ward, Clearing Operations

Contact information

Will Ward
clearing@asx.com.au

Disclaimer