Participant
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Notice
This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.
What do I need to do by when?
Bid Details
Bidder: |
Iris Cairns Property Pty Ltd (ACN 686 055 514) as trustee for the Iris Cairns Property Trust (ABN 37 481 296 645) |
|---|---|
UIC: |
11834 |
Registry/Agent: |
Automic Registry Services |
Target Issuer: |
Reef Casino Trust ARSN 093 156 293 |
Target ASX Code: |
RCT |
Takeover Code/Consideration |
RCT001 – $3.87 cash per Reef Casino Trust (RCT) unit |
Offer Terms:
Offer Open Date: |
Friday, 12 September 2025 |
|---|---|
Offer Close Date: |
7:00pm (Sydney time) on 13 March 2026, unless extended |
CHESS will process acceptance messages until 7:00pm (Sydney time) on 13 March 2026, unless the bid is extended, such other time as may be notified by bidder to the market.
The Iris Cairns Property Pty Ltd as trustee for the Iris Cairns Property Trust takeover bid is conditional and a unitholder may only accept the offer in relation to all of their RCT units held at the time the acceptance is processed.
If you have any queries in relation to the Offer, please call the Offer Information Line on 1300 441 596 (within Australia) or +61 2 9934 0549 (outside Australia), between 8.30am and 7.00pm (Sydney time), Monday to Friday (excluding public holidays).
Need more information?
Issued by
Equity Post Trade Operations
Contact information
1800 814 051
chesshelp@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.
Need more information?
Issued by
[FirstName Surname, Title goes here]
Contact information
[FirstName Surname]
+61 (02) 9338 0000
www.asx.com.au/contact
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.