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Investor centre
Australian Unity Mutual Capital Instruments
On Wednesday 24 September 2025, Australian Unity Limited (Australian Unity) announced that it was conducting a non-underwritten 1 for 4 pro rata non-renounceable entitlement offer of new mutual capital instruments (MCIs) (Entitlement Offer), along with a non-underwritten placement to wholesale investors (Placement) (together, the Equity Raising). As announced to the ASX on Thursday 25 September 2025, the Placement raised $160 million. A copy of the relevant ASX announcements are available below and via the ASX announcements page of the Investor Centre.
The Equity Raising forms part of Australian Unity’s ongoing capital management strategy. The proceeds will strengthen the balance sheet and enhance financial flexibility, supporting Australian Unity’s activities that enable Real Wellbeing for our members, customers and community through our portfolio of commercial, sustainable businesses. The majority of the proceeds of the Equity Raising will be applied to reduce gearing, with funds also providing capacity to support the payment of further acquisition consideration for Plena Healthcare when due. The balance of proceeds will be used for general corporate purposes.
The Entitlement Offer opened on Thursday 2 October 2025 and is expected to close at 5.00pm (Melbourne time) on Tuesday 14 October 2025 (Offer Period). If you held MCIs as at 7.00pm (Melbourne time) on Monday 29 September 2025 and have a registered address in Australia or New Zealand, you will be eligible to participate in the Entitlement Offer (Eligible MCI Holders). MUFG Corporate Markets (AU) Limited, our registry provider, will send Eligible MCI Holders a personalised Entitlement and Acceptance Form and a copy of the relevant Offer Booklet. The Offer Booklet and the Entitlement and Acceptance Form contain important information about the Entitlement Offer including how Eligible MCI Holders can apply to participate in the Entitlement Offer. Eligible MCI Holders should read both in their entirety, as well as any announcements released by Australian Unity, before making any investment decision. A copy of each document can be accessed by Eligible MCI Holders online at www.australianunity.com.au/mci2025.
Eligible MCI Holders can contact the Australian Unity Offer Information Line on 1800 500 095 at any time between 8.30am to 5.30pm (Melbourne time) Monday to Friday during the Offer Period for more information.
If you have any further questions, you should contact your stockbroker, solicitor, accountant or other professional adviser.
View the documents lodged with the ASX:
Capitalised terms used on this website have the meanings given to them in their respective Offer Documents (unless otherwise stated).
All MCI holder queries should be directed to our registrar, MUFG Corporate Markets (AU) Limited, 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).
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.
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.
The documents and other media on this website (the ‘Information’) have been prepared for publication in Australia and may not be distributed or released in the United States. The Information does not constitute an offer, invitation or recommendation to subscribe for or purchase any security or financial product and the Information shall not form the basis of any contract or commitment. In particular, the Information does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Australian Unity MCIs have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or the securities laws of any state or other jurisdiction of the United States. Accordingly, Australian Unity MCIs may not be offered or sold, directly or indirectly, to persons in the United States unless they have been registered under the U.S. Securities Act (which Australian Unity has no intention or obligation to do or procure) or are offered and sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any other applicable U.S. state securities laws.
On 3 June 2024, Australian Unity Limited (Australian Unity) announced a non-underwritten 1 for 3 pro rata non-renounceable entitlement offer of mutual capital instruments (MCIs) (Entitlement Offer) and accompanying non-underwritten placement to wholesale investors (Placement) (together, the Equity Raising).
The Entitlement Offer closed on Friday 21 June 2024.
The New MCIs issued under the Entitlement Offer and Placement were allotted on Friday 28 June 2024 and commenced trading on a normal settlement basis on 1 July 2024.
On 3 November 2021, Australian Unity issued a further $230 million of MCIs under a prospectus lodged with ASIC dated 11 October 2021 (‘2021 Prospectus’), as supplemented by a supplementary prospectus dated 15 October 2021 (‘Supplementary Prospectus’ and together with the 2021 Prospectus, the ‘2021 Offer Documents’) (‘2021 MCI Offer’).
A copy of the key documents relating to the 2021 MCI Offer are provided below:
The MCIs under the 2021 MCI Offer were issued under the same terms as the MCIs issued under the 2020 MCI Offer.
The 2021 MCI Offer closed on 29 October 2021 and the MCIs issued under the 2021 Offer Documents commenced trading on the ASX on 8 November 2021 under the code ‘AYUPA’. MCIs issued under the 2021 Offer Documents are fully fungible with existing MCIs issued under the 2020 Offer Documents. Each MCI issued under the 2021 Offer Documents has a Face Value of $100 and an Issue Price of $103.
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.
