NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Orica (ASX:ORI) announced on Wednesday, 3 August 2022 that it would be undertaking a share purchase plan (SPP). The SPP follows Orica’s successfully completed A$650 million placement to eligible institutional investors (Placement).
The SPP is now open to eligible Orica shareholders, being shareholders who had a registered address in Australia or New Zealand on Orica’s register at 7.00pm (AEST) on Tuesday, 2 August 2022 (Eligible Shareholders), to apply for up to A$30,000 of new fully paid ordinary shares (SPP Shares) free of any brokerage, commission and transaction costs.
SPP Shares will be offered at the lower of:
- the price shares were issued under the Placement (which was A$16.00 per share); and
- a 2.00% discount to the 5-day VWAP of Orica shares up to, and including, the closing date of the SPP, which is currently scheduled for 5.00pm (AEST) on Friday, 26 August 2022.
The SPP will be capped at A$75 million and is not underwritten. Participation in the SPP is optional. SPP Shares will rank equally with existing Orica shares from their date of issue.
SPP BOOKLET
The SPP is subject to the terms and conditions set out in the SPP booklet, which is being sent to Eligible Shareholders today. Eligible Shareholders who have elected to receive electronic communications will receive details of how to obtain a copy of the SPP booklet and their personalised acceptance form via email. All other Eligible Shareholders will receive a copy of the SPP booklet and their personalised acceptance form via post.
Eligible Shareholders are encouraged to read the SPP booklet carefully, and if in any doubt about whether or not to accept the SPP offer, to consult with a financial or other professional adviser.
To apply for SPP Shares, Eligible Shareholders must, by 5.00pm (AEST) on Friday, 26 August 2022, either:
- make a payment directly via BPAY®1 in accordance with the instructions on their personalised application form, which is the fastest and easiest way to apply and is recommended by Orica’s share registry having regard to potential delays to postal services. Eligible Shareholders do not need to return their personalised application form enclosed with the SPP booklet if they chose this option; or
- complete and return their personalised application form enclosed with the SPP booklet, together with payment via cheque to the Orica’s share registry.
Personalised application forms can also be accessed via https://events.miraqle.com/ORI-spp.
Eligible Shareholders with a registered address in New Zealand may pay for SPP Shares by making an electronic funds transfer in accordance with the instructions on their personalised application form.
Shareholders with questions in relation to how to participate in the SPP may contact Orica’s registry from 8.30am to 7.30pm (AEST) Monday to Friday on 1300 301 253 (callers within Australia) or +61 1300 301 253 (callers outside Australia).
Key dates for the SPP
| Description |
Date |
| Record date for SPP |
7.00pm (AEST)
2 August 2022 |
| SPP offer opens and SPP booklet is dispatched |
10 August 2022 |
| SPP offer closing date |
5.00pm (AEST)
26 August 2022 |
| Issue of SPP Shares under the SPP |
2 September 2022 |
| Despatch of holding statements and normal trading of SPP Shares issues under the SPP |
5 September 2022 |
The above timetable is indicative only and subject to change. The commencement of trading and quotation of SPP Shares issued under the SPP Shares is subject to confirmation from ASX. Subject to the requirements of the Corporations Act, the ASX Listing Rules and other applicable rules, Orica reserves the right to amend this timetable at any time, including extending the period for the SPP or accepting late applications, either generally or in particular cases, without notice.