Australian Unity Mutual Capital Instruments

Offer of Australian Unity Mutual Capital Instruments

On 24 December 2020, Australian Unity Limited ('Australian Unity') issued $120 million of Australian Unity Mutual Capital Instruments ('MCIs'), under a Prospectus lodged with the Australian Securities and Investments Commission dated 7 December 2020 ('Prospectus'). The Prospectus followed an original prospectus lodged with ASIC dated 27 November 2020 (together 'Offer Documents').

The funds raised by the issue of MCIs will be used for a range of opportunities across the Australian Unity Group. These include pursuing near-term growth opportunities within the individual businesses as well as investing capital across the Australian Unity Group where third party funding has historically been utilised. The use of proceeds may also extend to merger and acquisition opportunities across the Australian Unity Group operating platforms - to increase investment in social infrastructure and to help support business consolidations in important mutual sectors such as private health insurance, banking and friendly societies.

The Offer closed on 21 December 2020 and the MCIs commenced trading on the ASX on 4 January 2021 under the code 'AYUPA'. Each MCI has a Face Value of $100 and an Issue Price of $100.

Capitalised terms used on this website have the meanings given to them in the Prospectus.

All MCI holder queries should be directed to our Registrar Link Market Services on 1300 554 474 between 8.30am and 7.30pm Monday to Friday (excluding public holidays).

Alternatively, please use your HIN/SRN available at the top left of your holding statement and your postcode to log in to Australian Unity MCI registry's website. The Issuer's Name is AYU (Australian Unity Limited).

Dividends

Australian Unity MCIs offer investors non-cumulative and discretionary fixed-rate dividends, which are expected to be distributed semi-annually in arrears. The payment of any Dividend on Australian Unity MCIs is discretionary and subject to the Directors in their absolute discretion determining that Australian Unity pay the Dividend, pay a partial dividend or pay an Optional Dividend. The Board has established a dividend policy for exercising this discretion.

Australian Unity will notify the ASX if a dividend is determined to be paid.

ASX Announcements

Material price sensitive information relating to Australian Unity MCIs and Australian Unity Bonds will, subject to certain exceptions under the ASX Listing Rules, be immediately disclosed to the market. To view our disclosures to the market, please refer to our ASX Announcements section.

Download Offer/Key Documents:

Documents incorporated by reference in the Offer Documents lodged with ASIC on 27 November 2020 and on 7 December 2020: