Proposed issue of securities
Update Summary
For personal use only
Entity name
PENGANA PRIVATE EQUITY TRUST
Announcement Type
Update to previous announcement
Date of this announcement
15/3/2022
Reason for update to a previous announcement
Update maximum number of securities to be issued due to rounding of entitlements at record date
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
PENGANA PRIVATE EQUITY TRUST
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 | Registered Number Type | Registration Number |
ARSN | 630923643 | |
1.3 | ASX issuer code | |
PE1 |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Update maximum number of securities to be issued due to rounding of entitlements at record date
1.4b Date of previous announcement to this update
9/3/2022
1.5 Date of this announcement
15/3/2022
1.6 The Proposed issue is:
A standard +pro rata issue (non-renounceable or renounceable)
1.6a The proposed standard +pro rata issue is: + Non-renounceable
Proposed issue of securities | 2 / 6 |
Proposed issue of securities
Part 3 - Details of proposed entitlement offer issue
only | ||||
Part 3A - Conditions | ||||
3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can | ||||
proceed on an unconditional basis? | ||||
use | No | |||
Part 3B - Offer details | ||||
Class or classes of +securities that will participate in the proposed issue and class or classes of +securities | ||||
personal | proposed to be issued | |||
ASX +security code and description | ||||
PE1 : ORDINARY UNITS FULLY PAID | ||||
Is the proposed security a 'New | Will the proposed issue of this | If the entity has quoted company | ||
class' (+securities in a class that is | +security include an offer of | options, do the terms entitle option | ||
not yet quoted or recorded by ASX) | attaching +securities? | holders to participate on exercise? | ||
or an 'Existing class' (additional | No | No | ||
securities in a class that is already | ||||
quoted or recorded by ASX)? | ||||
Existing class | ||||
D tails of +securities proposed to be issued | ||||
ASX +security code and description | ||||
PE1 : ORDINARY UNITS FULLY PAID | ||||
For | ISIN Code (if Issuer is a foreign company and +securities are non CDIs) | |||
ISIN Code for the entitlement or right to participate in a non-renounceable | ||||
issue (if Issuer is foreign company and +securities are non CDIs)
Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities to be issued
For a given quantity of +securities held
1 | 5 |
Proposed issue of securities | 3 / 6 |
Proposed issue of securities
What will be done with fractional entitlements?
Maximum number of +securities proposed to be issued (subject to rounding)
only | Fractions rounded up to the next | 48,105,241 | |||
whole number | |||||
Reason for the update of 'Maximum number of +securities proposed to be issued | |||||
.Due to rounding - update for entitlement to unitholders at record date | |||||
Offer price details for retail security holders | |||||
In what currency will the offer be | What is the offer price per +security | ||||
use | made? | for the retail offer? | |||
AUD - Australian Dollar | AUD 1.54000 | ||||
personal | Oversubscription & Scale back details | ||||
Will individual +security holders be permitted to apply for more than their | |||||
entitlement (i.e. to over-subscribe)? | |||||
Yes | |||||
Describe the limits on over-subscription | |||||
The responsible entity reserves the right to issue all or part of the shortfall in its absolute discretion. An eligible unitholder | |||||
will not be issued any shortfall units if to do so would be a breach of any applicable law. | |||||
Will a scale back be applied if the offer is over-subscribed? | |||||
Yes | |||||
Describe the scale back arrangements | |||||
The responsible entity reserves the right to scale back any application for additional new units above a unitholders pro | |||||
rata entitlement in its absolute discretion. | |||||
Will these +securities rank equally in all respects from their issue date with | |||||
the existing issued +securities in that class? | |||||
For | Yes | ||||
Part 3C - Timetable | |||||
3C.1 +Record date | |||||
14/3/2022 | |||||
Proposed issue of securities | 4 / 6 |
Proposed issue of securities
3C.2 Ex date 11/3/2022
3C.4 Record date 14/3/2022
only | 3C.5 Date on which offer documents will be sent to +security holders | ||
entitled to participate in the +pro rata issue | |||
16/3/2022 | |||
3C.6 Offer closing date | |||
31/3/2022 | |||
3C.7 Last day to extend the offer closing date | |||
use | 28/3/2022 | ||
3C.9 Trading in new +securities commences on a deferred settlement basis | |||
1/4/2022 | |||
3C.11 +Issue date and last day for entity to announce results of +pro rata | |||
issue | |||
personal | 7/4/2022 | ||
3C.12 Date trading starts on a normal T+2 basis | |||
8/4/2022 | |||
3C.13 First settlement date of trades conducted on a +deferred settlement | |||
basis and on a normal T+2 basis | |||
12/4/2022 | |||
Pa t 3E - Fees and expenses | |||
3E.1 Will there be a lead manager or broker to the proposed offer? | |||
Yes | |||
3E.1a Who is the lead manager/broker? | |||
For | Taylor Collison Limited (ABN 53 008 172 450) | ||
3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
$150,000 (plus GST)
3E.2 Is the proposed offer to be underwritten? No
3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
Proposed issue of securities | 5 / 6 |
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Pengana Private Equity Trust published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 02:29:03 UTC.