CIMIC Group Limited – Treatment of CIM ETOs subject to substantial holding acquisition by HOCHTIEF Australia Holdings Limited Pty Ltd

CIMIC GROUP LIMITED (CIM) is subject to a takeover by HOCHTIEF Australia Holdings Limited (HOTCHTIEF) with an offer price of $22.00 per share.

Termination Implications for CIM ETOs

CIM will be suspended from trading in the event HOTCHTIEF reaches 90% ownership (compulsory takeover). ASX Clear intends to terminate all ETO options on the final trading day using the close of business price. ASX has consulted ASXCL and has determined to terminate all CIM ETOs contracts by cash settlement at the intrinsic value with the reference price to be the last traded price in CIM.

Option positions held at the close of business will be closed out and cash settled at the intrinsic value. Takers will be credited and writers debited. The intrinsic value method is equivalent to the expiry of the options effectively brought forward to the last day of trading of the underlying security. ASXCL will settle these cash amounts on the next business day.

Exercise Restriction

Exercises will be restricted on the last day of trading of CIM shares on the ASX dependent on HOCHTIEF meeting the Compulsory Takeover threshold.

What do I need to do by when?

Participants should be aware of the content of this Notice as it contains information on the treatment of CIM ETOs due to the proposed takeover by HOCHTIEF Australia Holdings Limited

Effective Date

A further ASX Notice will be released once dates have been finalised (dependent on HOCHTIEF meeting the Compulsory Takeover threshold) with a further notice after the last day of trading in CIM, outlining termination prices.

Need more information?

Issued by

William Ward, Clearing Operations

Contact information

William Ward
clearing@asx.com.au

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