Australian Unity Mutual Capital Instruments

Australian Unity Mutual Capital Instruments

On 11 October 2021, Australian Unity Limited (‘Australian Unity’) announced an offer of Australian Unity Mutual Capital Instruments (‘Australian Unity MCIs’) to raise $160 million, with the ability to raise more or less (‘Offer’), under a Prospectus lodged with the Australian Securities and Investments Commission (‘ASIC’) dated 11 October 2021 (‘Prospectus’). On 15 October 2021, Australian Unity lodged a Supplementary Prospectus with ASIC which, amongst other things, describes the increase in Offer size to $220 million (with the ability to raise more or less).

The Offer opened on 11 October 2021 and is still expected to close on 29 October 2021. These dates may be subject to change.

Eligible Members of Australian Unity and Eligible Securityholders of the Australian Unity Group are invited to participate in the Offer. Any applicant through the Member Offer or Securityholder Offer will be required to complete an online assessment incorporated in the application link available here to determine if they fit within the Target Market (as set out in the target market determination made by Australian Unity (‘Target Market Determination’), which may be accessed below) and are thereby able to participate in the Offer. Australian Unity encourages you to speak to a financial adviser to assist you to determine if Australian Unity MCIs are suitable for you. If an applicant through the Member Offer or Securityholder Offer does not fit within the Target Market they will not be able to apply through the Member Offer or Securityholder Offer. If you are an Eligible Member or Eligible Securityholder, and you do not have a reference number (which you are required to provide when applying under the Member Offer or Securityholder Offer), please contact the Australian Unity MCI Offer Information Line on 1800 810 827 between 8.30am to 5.30pm Monday to Friday.

If you are a Member of Australian Unity, your rights and benefits as a Member, including your voting entitlement, are not affected in any way by your decision to either accept or decline the opportunity to apply for Australian Unity MCIs under the Offer.

Each Australian Unity MCI has a Face Value of $100 and an Issue Price of $103. Australian Unity MCIs issued under the Prospectus are expected to be quoted on ASX under the ASX code ‘AYUPA’, along with existing Australian Unity MCIs on issue.

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

You should ensure that any copy of the Prospectus you view or print from this website is complete. To the extent permitted by law, none of Australian Unity or the Joint Lead Managers are liable for any loss incurred from accessing or downloading the Prospectus from this website, including, but not limited to, data corruption on download.

How to obtain the Prospectus

  • Download a copy from our registry website or click here to view a copy of the Prospectus and the Supplementary Prospectus; or
  • Call the Australian Unity MCI Information Line on 1800 810 827 between 8.30am to 5.30pm Monday to Friday to request a copy by post. Due to postage delays as a result of COVID-19, we strongly encourage you to access the Prospectus and Supplementary Prospectus online. Otherwise, we cannot guarantee that you will receive your Prospectus and Supplementary Prospectus before the Offer closes.

Target Market Determination – Australian Unity MCIs

Australian Unity is required to make a target market determination for Australian Unity MCIs under section 994B(1) of the Corporations Act 2001 (Cth).

Please click here to download a copy of the Target Market Determination for Australian Unity MCIs free-of-charge.

What to do next if you’re interested in the Offer

  • Read the Prospectus in full and consider the risks that could affect the performance of Australian Unity MCIs
  • Consider if you are within the Target Market for Australian Unity MCIs, as outlined in the Target Market Determination
  • If you have questions about whether to participate in the Offer, seek advice from your financial adviser or other professional adviser
  • If you have questions about the Offer generally, call the Australian Unity MCI Information Line on 1800 810 827 between 8.30am to 5.30pm Monday to Friday

How to apply to participate in the Member Offer and Security holder Offer

Apply online via our registry website by following the instructions on that website and in the Prospectus. Applications must be for a minimum of 50 Australian Unity MCIs (which is a minimum investment of $5,150) under the Offer.

Documents incorporated by reference into the Prospectus

The following documents were lodged with ASIC on 11 October 2021 and are incorporated by reference into the Prospectus and should also be read before you make an application to participate in the Offer:

IMPORTANT NOTICE

An offer of Australian Unity MCIs for issue is being made by Australian Unity Limited, pursuant to a prospectus dated 11 October 2021 as supplemented by a supplementary prospectus dated 15 October 2021 (Prospectus). The Prospectus is available and may be obtained at www.australianunity.com.au/mci or by calling the Australian Unity MCI Offer Information Line on 1800 810 827 (Monday to Friday – 8.30am to 5.30pm AEDT). Offers of Australian Unity MCIs will be made in or accompanied by a copy of the Prospectus. You should consider the Prospectus in deciding whether to acquire Australian Unity MCIs. If you wish to apply for Australian Unity MCIs, you must complete an application form that is in or which accompanies the Prospectus.

The information on this website is not, and should not be considered, a recommendation to apply for Australian Unity MCIs, financial product advice or an offer of, or invitation to apply for, Australian Unity MCIs. The Offer is contained in the Prospectus. The information on this website is general only and does not take into account your investment objectives, financial situation or particular needs. In deciding whether to apply for Australian Unity MCIs you should read the Prospectus carefully and in its entirety.

An investment in Australian Unity MCIs is subject to investment risk, including possible loss of income and principal invested and risks in relation to Australian Unity. Payment of Dividends is discretionary and Australian Unity MCIs rank for payment behind all creditors, including Australian Unity Bonds, but ahead of Non-Shareholder Members.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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.