Australian Unity Mutual Capital Instruments

Australian Unity Mutual Capital Instruments – 2020 Offer

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

A copy of the key documents relating to the 2020 MCI Offer are provided below:

  1. Replacement Prospectus dated 7 December 2020
  2. MCI Terms of Issue dated 7 December 2020
  3. Summary of the Offer Management Agreement (as incorporated by reference to the 2020 Offer Documents)
  4. Australian Tax Office Class Ruling relating to MCIs issued pursuant to the 2020 MCI Offer (CR 2021/8)

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

Australian Unity Mutual Capital Instruments – 2021 Offer

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:

  1. 2021 Prospectus dated 11 October 2021 as supplemented by the Supplementary Prospectus dated 15 October 2021
  2. Summary of the Offer Management Agreement (as incorporated by reference to the 2021 Offer Documents)
  3. Australian Tax Office Class Ruling relating to MCIs issued pursuant to the 2021 MCI Offer (CR 2021/75)
  4. Target Market Determination for MCIs offered pursuant to the 2021 MCI Offer

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.

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, 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.

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.