ASX Code:BIG 20 October 2017

Transcription

1 ASX Code:BIG 20 October 2017 UNMARKETABLE PARCEL SALE FACILITY BIG Un Limited (ASX: BIG) is pleased to announce that it has established a share sale facility for holders of small parcels of shares in the Company. The ASX Listing Rules defines a marketable parcel as a parcel of securities not less than $500. As at market close on 13 October 2017 (Record Date) an unmarketable parcel of shares is any shareholding of 253 ordinary shares or less, based on the closing price of $1.97. This represents 147,814 ordinary shares (0.105% of all issued shares) held by approximately 3,199 shareholders (Minority Holder). The Company is offering this facility as it provides the following benefits: to assist holders of an unmarketable parcel to sell their shares without having to incur brokerage or handling costs which, in proportion to the value of their holding, may otherwise make a sale unattractive or uneconomical; and to reduce the administration costs associated with maintaining a large number of small holdings. If a Minority Holder wishes to retain their shares, they must complete and return the personalised retention form to BIG s share registry so that it is received by 5:00pm (AEDT) on Friday 4 th December. If a Minority Holder wishes to sell their BIG shares, they do not need to take any action. If a Minority Holder does not return the retention form or increase their holding up to a marketable parcel by the Record Date, then their shares will be sold. Proceeds will be forwarded to those shareholders who take advantage of the facility as soon as practicable upon sale of their holdings. Attached is a copy of the letter and a sample retention form that is being distributed to shareholders holding an unmarketable parcel of shares in BIG on the Record Date. Yours faithfully, for Big Un Limited Elissa Lippiatt Company Secretary

2 20 October 2017 Dear Shareholder, Sale of your Unmarketable Parcel of Shares in BIG Un Limited I am writing to advise that BIG Un Limited (BIG or Company) has established a share sale facility (Facility) for holders of shares valued at less than $500 as at market close on 13 October 2017 (Record Date) (Unmarketable Parcel). Please note that holding less than a marketable parcel does not mean that the holding is not capable of being sold. Our records show that you held an Unmarketable Parcel based on the Company s share price of $1.97 as at market close on the Record Date. Unless you advise the Company that you do not wish to sell your shares by 5:00pm AEDT on 4 December 2017 (Closing Date), or you increase your holding to a marketable parcel, the Company intends to sell all your shares through the Facility in accordance with rules 28.4 to of the Company s Constitution and the ASX Listing Rules. The Company is offering the Facility to enable investors with small holdings, who may find it difficult or expensive to dispose of their shares, to sell their shares without having to incur brokerage or handling costs. The Facility will also enable the Company to reduce the administrative costs associated with maintaining a large number of small holdings. The information in this letter, including the enclosed information sheet and personalised Share Retention Form will assist you in deciding whether to either sell your holding (do nothing) or retain your holding (by either completing and returning the Share Retention Form or increasing your holding up to a marketable parcel). 1. To Sell your holding (Do Nothing) If you wish to sell your shares through the Facility, you do not need to take any action. By refraining from taking any action, if you continue to hold an Unmarketable Parcel on the Closing Date, you will be deemed to have irrevocably appointed the Company as your agent: (a) (b) (c) to sell or otherwise dispose of all of your shares at such price or consideration as the Directors may determine in their absolute discretion; to receive the proceeds of sale on your behalf; and to effect all transfer documents necessary to sell or dispose of your shares. Sale proceeds will be paid to you by cheque sent to you by normal post or by direct credit to your nominated bank account held by the Share Registry on the Closing Date, in Australian dollars as soon as practicable following the sale of your shares. A request for direct credit of payments form is included with this letter should you wish to nominate to receive your sale proceeds electronically. A transaction confirmation statement will be sent to you confirming the number of your shares sold, the price and the total sale proceeds you have received. Any tax consequences arising from the sale of your shares will be your responsibility.

3 If the market value of your shares increases between the Record Date and the Closing Date due to the increase in BIG s share price, so that at the Closing Date the value of your shares previously identified as an Unmarketable Parcel is no longer less than $500, the Company will not sell your shares. 2. To Retain your holding (Complete and return Share Retention Form or increase your holding up to a marketable parcel) If you wish to retain your existing holding then you must either: (a) (b) (c) complete and return the attached personalised Share Retention Form to the address on the form so that it is received by 5:00pm AEDT on 4 December 2017, being at least 6 weeks from the date of this notice. Please read the instructions on your Share Retention Form carefully before completing it; or purchase additional BIG shares on market in the same name and HIN or SRN as your small holding so that your increased holding is registered as at least $500 in value at 5:00pm AEDT on 4 December 2017; or consolidate your holdings if you currently have more than one holding on the Company s share register. This may result in your consolidated holding no longer being an Unmarketable Parcel. Any consolidation must be processed by 5:00pm AEDT on 4 December Additional Information The Facility is being conducted as authorised by the Company s Constitution and in a manner consistent with the ASX Listing Rules. The Facility is open until the Closing Date set out in this letter. The Company reserves the right to extend the Closing Date by notice to the ASX. This letter does not constitute advice nor is a recommendation to buy, sell or hold shares nor that the Facility is the best way to sell the Company s shares. If you need help deciding what to do, or if you require information regarding the financial, legal or tax consequences of participating in the Facility you should consult your legal, financial or taxation adviser. The attached information sheet sets out further details of the Facility, which you should read before making any decision. If you have any questions concerning your shareholding or how the Facility will work, please contact our share registry on (within Australia) or (from outside Australia) between the hours of 8:30am and 5:00pm AEDT Monday to Friday. Yours faithfully, for Big Un Limited Elissa Lippiatt Company Secretary

4 INFORMATION SHEET FOR THE UNMARKETABLE PARCEL SALE FACILITY 1. What is an Unmarketable Parcel of shares? An unmarketable parcel of Shares is a holding of the Company s shares valued at less than $500 as at market close on the Record Date. The closing price of the Company s shares on the Record Date was $1.97 per share. On this basis, an unmarketable parcel is a holding of 253 shares or less. 2. What price will I receive for shares sold through the Facility? The price that you receive for your shares under the Facility will be determined by when and how the shares are sold. The Company may sell your shares at any time post the Closing Date. The Company has appointed Moelis Australia Securities Pty Limited as its execution-only broker to sell the shares on the ASX using reasonable care to obtain the highest possible price for the sale of shares or in any manner and on any terms as the Directors may determine in their absolute discretion. You will not have control over the time at which your shares are sold and the price you receive may be different from the price quoted by ASX (which may not be the best price on the day that your shares are sold). 3. What is the price of BIG shares? The price of the Company s shares on the Record Date was $1.97. The price of the Company s shares is subject to change from time to time. You can obtain up to date information on the market price of BIG s shares by visiting the ASX website ( or contacting your financial advisor. 4. When will the proceeds from the sale of shares be sent to me? Payment will be sent to you as soon as practicable after the Closing Date and following the Company receiving the certificate (if any) for those shares or other evidence satisfactory to the Company regarding the ownership of those shares. This information will be provided to the Company by the Company s share registry. Payment will be made by cheque sent to you by normal post or by direct credit to your nominated bank account held by the Share Registry on the closing date, in Australian dollars as soon as practicable following the sale of your shares. A Cheque Advice or Direct Credit Advice will be sent to you confirming the number of your shares sold, the price and the total sale proceeds you have received. Please note that the amount of money received by shareholders through the Facility may be more or less than the actual consideration that is received by the financial services licensee for the shares. 5. If I buy more shares, will I retain my holding? Yes, if as a result of buying more shares, you will hold at least a marketable parcel on the Closing Date. In these circumstances, the Company will treat the purchase of additional shares to increase the value of a shareholding to more than $500 as an indication that you do not want your shares to be sold through the Facility. For a purchase to be an effective notification that you wish to retain your shares, any additional shares must be registered by 5:00pm AEDT on the Closing Date under the same name and address and with the same holder number (SRN or HIN) as set out in this letter.

5 6. What if my shares are held in a CHESS holding? If your Shares remain in a CHESS holding on the Closing Date, the Company may move those shares to an issuer sponsored holding with BIG as sponsor and the shares will be sold through the Facility. 7. Share retention form Your Share retention form is attached (to be returned to the address on the Share retention form if you have less than a marketable parcel but wish to retain your small holding of BIG shares).

6 ACN SRN/HIN: IMPORTANT NOTICE Please return this slip if you do not wish your Shares in BIG Un Limited to be sold. If you do not understand this notice you should immediately consult your financial adviser. SHARE RETENTION FORM Number of Shares held as at the Record Date, 7:00pm (AEDT) on 13 October 2017: If you wish to retain your Shareholding in BIG Un Limited ( BIG ) you must detach this slip and return it to BIG s Registry, so that it is received no later than 5.00PM (AEDT), on 4 December Slips may be mailed or delivered to the addresses below. Mailing Address or Hand Delivery BIG Un Limited BIG Un Limited C/- Link Market Services Limited C/- Link Market Services Limited Locked Bag A14 1A Homebush Bay Drive SYDNEY SOUTH NSW 1235 RHODES NSW 2138 (Do not use this address for mailing purposes) THIS FORM MUST BE RECEIVED BY LINK MARKET SERVICES LIMITED BY NO LATER THAN 5.00PM (AEDT) ON THE 4 DECEMBER 2017 If you require further information regarding this form, please contact the BIG Un Limited Information Line on (within Australia) or (from outside Australia) between 8:30am and 5:30pm (AEDT) Monday to Friday. ACN Please detach RETENTION SLIP I/We the Shareholder(s) described above by returning this retention slip, hereby give notice that I/we wish to retain my/our Shareholding in BIG in accordance with rules 28.4 to of the Company s Constitution and the ASX Listing Rules. DO NOT SELL MY SHARES All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: From outside Australia: Facsimile: ASX Code: BIG Website: THIS IS A PERSONALISED FORM FOR THE SOLE USE OF THE SHAREHOLDER AND HOLDING RECORDED ABOVE. SRN/HIN: SAMPLE *X * CONTACT DETAILS Telephone number ( ) Telephone number after hours ( ) Contact name

7 ACN All Registry communications to: Link Market Services Limited Locked Bag A14 Sydney South NSW 1235 Australia Telephone: Facsimile: ASX Code: BIG registrars@linkmarketservices.com.au Website: *X * X A REQUEST FOR DIRECT CREDIT OF PAYMENTS Please use a BLACK pen. Print CAPITAL letters inside the shaded areas. A B C Insert details of your Australian Financial Institution, Branch and Account into which you wish to have your payments made. This request will not cancel any reinvestment plan participation (if any) unless we receive specific instructions from you. A detailed payment advice will be provided for each payment. A direct credit request form is required for each holding. Name(s) in which your account is held BSB Number (must be 6 digits) Account Number - Name of Financial Institution Branch Suburb/Town B SIGNATURE(S) OF SECURITYHOLDER(S) THIS MUST BE COMPLETED Securityholder 1 (Individual) Joint Securityholder 2 (Individual) Joint Securityholder 3 (Individual) Sole Director and Sole Company Secretary/Director (delete one) Director/Company Secretary (delete one) Date / / Signing Instructions: This form should be signed by the securityholder. If a joint holding, all securityholders should sign. If signed by the securityholder s attorney, the power of attorney must have been previously noted by the registry or a certified copy attached to this form. If executed by a company, the form must be executed in accordance with the company s constitution and the Corporations Act 2001 (Cth) (or for New Zealand companies, the Companies Act 1993). Personal Information Collection Notification Statement: Link Group advises that personal information it holds about you (including your name, address, date of birth and details of the financial assets) is collected by Link Group organisations to administer your investment. Personal information is held on the public register in accordance with Chapter 2C of the Corporations Act Some or all of your personal information may be disclosed to contracted third parties, or related Link Group companies in Australia and overseas. Your information may also be disclosed to Australian government agencies, law enforcement agencies and regulators, or as required under other Australian law, contract, and court or tribunal order. For further details about our personal information handling practices, including how you may access and correct your personal information and raise privacy concerns, visit our website at for a copy of the Link Group condensed privacy statement, or contact us by phone on (free call within Australia) 9am 5pm (Sydney time) Monday to Friday (excluding public holidays) to request a copy of our complete privacy policy. BIG DIV001 *BIG DIV001*