INITIAL PUBLIC OFFERING
PRIMEWEST GROUP LIMITED AND PRIMEWEST PROPERTY FUND
An initial public offering (IPO) of 100 million Securities in Primewest at the offer price of $1.00 per Security.
The Securities being offered each comprise of a fully paid ordinary share in Primewest Group Limited (ACN 636 344 137) and a fully paid unit in Primewest Property Fund (ARSN 636 405 635) which will be stapled together and trade as a stapled security.
All Securities issued under the offer will rank equally with each other.
The offer is made on the terms, and is subject to the conditions, set out in the Prospectus and Product Disclosure Statement (Offer Document) dated 14 October 2019.
The Offer Document can be accessed on this page by clicking on the button provided above.
It is important that you read this Offer Document carefully in its entirety before deciding whether to invest in Primewest.
THE OFFER STRUCTURE
The Offer comprises of:
- The Retail Offer which consists of:
- the Institutional Offer, which consists of an invitation to certain Institutional Investors in Australia and other eligible jurisdictions made with disclosure under the Offer Document;
- the Primewest Offer, which is open to select existing investors in Primewest Funds and selected Individuals who have received an invitation from Primewest to participate in the Primewest Offer; and
- the Employee Offer, which is open to Eligible Employees of Primewest who have received an invitation to participate in the Employee Offer.
- The Institutional Offer, which consists of an invitation to certain Institutional Investors in Australia and other eligible jurisdictions made with disclosure under the Offer Document.
No general public offer of Securities will be made under the Offer.
Members of the public wishing to apply for Securities under the Offer must do so through a participating Broker with a firm allocation of Securities under the Broker Firm Offer.
If you are eligible either under the Primewest Offer or Employee Offer you will directly receive a personalised invitation which will include instructions on how to participate.
The allocation of Securities between the Institutional Offer, Broker Firm Offer and Primewest Offer was determined by Primewest in consultation with the Lead Manager, having regard to the allocation policies outlined in the Offer Document in Sections 7.3.4, 7.4,3, 7.5.4 and 7.6.2.
Primewest Group Limited, Primewest Management Ltd as responsible entity for the Primewest Property Fund, SaleCo and the Lead Manager have entered into an Underwriting Agreement pursuant to which the Lead Manager has agreed to underwrite the Offer.
A Summary of the Underwriting Agreement, including the events which would entitle the Lead Manager to terminate the Underwriting Agreement, is set out in the Offer Document in Section 11.4.
KEY OFFER DATES *
|Key Offer dates|
|ASIC lodgment of Offer Document||14 October 2019|
|Broker Firm Offer, Primewest Offer and Employee Offer opens||22 October 2019|
|Broker Firm Offer, Primewest Offer and Employee Offer closes||1 November 2019|
|Settlement of the Offer||7 November 2019|
|Issue and transfer of Securities under the Offer||8 November 2019|
|Commencement of trading on ASX on a deferred settlement basis||8 November 2019|
|Expected dispatch of holding statements||11 November 2019|
|Expected commencement of trading on ASX on a normal settlement basis||12 November 2019|
* Dates may change
The dates above are indicative only and may change without notice.
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Primewest Group Limited, Primewest Management Ltd and SaleCo, in conjunction with the Lead Manager, reserve the right to amend or vary any or all of the dates and times of the Offer (subject to ASX Listing Rules, the Corporations Act and other applicable laws) without notice, including closing the Offer early, extending the date the Offer closes, deferring the Completion Date, accepting late applications either generally or in particular cases, or to cancel or withdraw the Offer before settlement of the Offer.
Offers may be made and may be open for acceptance under this Offer Document either generally or in particular cases up to Completion or, subject to the Corporations Act, thereafter, at the discretion of Primewest. If the Offer is cancelled or withdrawn before the issue and transfer of Securities, then all application monies will be refunded in full (without interest) as soon as practicable in accordance with the requirements of the Corporations Act.
Applicants are encouraged to submit their Application Forms as soon as possible after the Offer opens. The quotation and commencement of trading of the Securities is subject to confirmation from ASX.
|Issuers||Primewest Group Limited|
Primewest Management Ltd as responsible entity of Primewest Property Fund
Primewest SaleCo Limited
|Proposed ASX Code||PWG|
|Offer Price per Security||$1.00|
If you have any questions in relation to the Offer, please call the Offer Information Line on 1300 943 885 (within Australia) and +61 2 8072 1488 (outside Australia) between 8.30am and 8.00pm (Sydney time) Monday to Friday.
If you have any questions about how to apply for Securities, please call your Broker.
If you have any questions about whether to invest in Primewest you should seek professional advice from your accountant, financial adviser, stockbroker, lawyer or other professional adviser before deciding whether to invest in Primewest.
|Financial Adviser, Lead Manager and Underwriter||Co-Manager|