Bookbuild Process for Boundary Bend Limited Shares

Transcription

1 Sharebrokers and Investment Advisers Bookbuild Process for Boundary Bend Limited Shares 23 October 2015 Preamble: Taylor Collison Limited and Bell Potter Securities Limited have in recent years managed a matching of buyers and sellers of Boundary Bend Limited ( BBL ). In 2014 there were 476,530 shares transacted at a price of $3.30 per share through the Bookbuild. Taylor Collison and Bell Potter Securities have agreed to once again organise a Bookbuild to be conducted in October / November Clients: To participate, interested investors or shareholders should register as a buyer or a seller in the Bookbuild with either Bell Potter Securities Limited or Taylor Collison Limited. Parties must be, or become, a client of one of the Brokers in order to comply with Australian Anti-Money Laundering legislation. Brokers: Means Bell Potter Securities Limited ABN AFS Licence No and Taylor Collison Limited ABN AFS Licence No Bidding: Bidders and Vendors must indicate to one of the Brokers in writing: the number of shares either offered or bid, a fixed price or acceptance of the final Bookbuild price ( FBP ) A Bidder may enter multiple bids at different price/quantity levels. If your bid is successful you will receive an allocation and you will be notified to arrange payment. Withdrawal of Bids or Offers: Bidders and Vendors may, in writing, withdraw or vary their bid at any time up to the Closing Date of the Bookbuild. No withdrawal: All bids and offers are irrevocable once the Bookbuild has formally closed. Taylor Collison Limited: ABN , AFSL Participant of the Australian Securities Exchange Adelaide: GPO Box 2046 Adelaide SA Level 16, 211 Victoria Square Adelaide SA 5000 Telephone: (08) Fax (08) Sydney: GPO Box 4261 Sydney NSW Level 10, 167 Macquarie Street Sydney NSW 2000 Telephone: (02) Fax: (02)

2 Commission: Brokerage commission will be charged. This is to be agreed between you the client and the respective Broker. Closing Date: When the Brokers are satisfied that the level of demand and the Bookbuild price meets their expectations, the Brokers advises all Bidders and Vendors by that they intend to close the Bookbuild at 4.00pm two business day after despatching s to Bidders and Vendors. Allocation Process BBL shares to be allocated in the following order: 1. Bidders who have bid above the FBP to receive an allocation of shares on a priority basis ahead of other Bidders. 2. Bidders at the FBP may be allocated on a pro-rata basis depending on the remaining number of available shares. 3. Bidders who have bid below the FBP will receive no allocation. 4. Vendors who have offered a price below the FBP to receive an allocation of shares on a priority basis to all other Vendors. 5. Vendors offering at the FBP may sell on a pro rata basis depending on the excess number of shares bid. 6. Vendors who have offered shares at a price above the FBP will not sell any shares. 7. All shares will be transacted at the same price (Final Bookbuild Price). 8. There is no priority for bidding early. Trade Date: Trade Date to be the day Bidders and Vendors are advised. Settlement: Settlement to be 3 days after Trade Date Bank Details: Refer to respective Broker Trust Account. Disclosures: Craig Ball is an executive director of Taylor Collison Limited and a shareholder of, and a non executive director of BBL. Craig Ball will not be participating in the Bookbuild as a Bidder or Seller. Underwriting: This Bookbuild is not underwritten. Share Trades (low volume market): BBL operates a low volume financial market (LVM) under an exemption provided by section 791C of the Corporations Act In the last 12 months the BBL share trading history is: Date of Transaction Qty Price Value 6 September ,693 $3.25 $25,002 3 September ,693 $3.25 $25,002

3 23 May ,697 $3.20 $178,230 7 May ,000 $3.20 $32,000 Other material Share Trades (outside low the LVM) Date of Transaction Qty Price Value March 2015 * 900,000 $3.20 $2,880,000 June ,000 $3.20 $480,000 * In March 2015 Taylor Collison Limited and Bell Potter Securities Limited facilitated a transaction on behalf of BBL director Paul Riordan selling 900,000 shares at a price of $3.20 per share. Paul remains the second largest BBL shareholder behind Rob McGavin. There have been a number of other trades outside the LVM, with the majority of the transactions between $3.20 and $3.30 per share. Shareholder Announcements: Recent shareholder announcements in the past 12 months are - October 2015 July 2015 April 2015 March 2015 February 2015 December 2014 December AGM Presentation Harvest update BBL Director Paul Riordan s share transaction Shareholder Half Yearly Update Sam Beaton becomes an executive director of Boundary Bend Limited Dividend reinvestment plan Final price of Bookbuild was $3.30 per share for 476,530 Boundary Bend Limited shares totalling $1,572,549 For further details regarding the above announcements please see the Shareholder Announcements on the Boundary Bend Limited website: Copies of Boundary Bend Limited Financial Reports (including 30 June 2015), can also be found on this website:

4 Indicative Timetable: Bidding Opens Brokers Advise of Closing Friday 23 October Wednesday 4 November Closing Date and Bids and Offers become irrevocable 4.00pm AEDT Friday 6 November Allocation and Advice to Bidders and Vendors Trade Date Settlement Date Monday 9 November Friday 13 November Wednesday 18 November Contact Details. Bell Potter Securities Taylor Collison Limited James Shepherdson Chris Shopov [email protected] [email protected]

5 BOOKBUILD BID FORM - BOUNDARY BEND LIMITED To be completed and ed to either: [email protected] or [email protected] Full Name of Client ABN / ACN: Address: Contact Name: Contact Contact Phone: Contact Fax: We hereby submit the following bid for Shares: I wish to Bid Amount AUD$ Price per share Buy $... $... Buy $... $... Or... Buy $... Final Bookbuild Price I wish to Offer Quantity Shares Price per share Sell #... $... Sell #... $... Or Sell #... Final Bookbuild Price AUTHORISED SIGNATORY: Signature Date Name (Print) Title THIS FORM MUST BE ED TO [email protected] or [email protected] NO LATER THAN 4.00PM MELBOURNE TIME FRIDAY 6 NOVEMBER 2015