2016 Share Purchase Plan details
Released
Released
Announcement PDF
Argo Investments Limited
ABN 35 007 519 520
Head Office
GPO Box 2692
Adelaide, South Australia 5001
Level 12, 19 Grenfell Street,
Adelaide, South Australia 5000
Telephone (08) 8210 9500
Facsimile (08) 8212 1658
Email invest@argoinvestments.com.au
9 September 2016
Sydney Office
Level 37, 259 George Street,
Sydney, New South Wales 2000
The Manager
Company Announcements
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
Telephone (02) 8274 4700
Facsimile (02) 8274 4777
www.argoinvestments.com.au
Dear Sir or Madam
2016 Share Purchase Plan – Details
Regarding the Company’s 2016 Share Purchase Plan which was announced on 25 August 2016, please find
attached a copy of the letter to shareholders, Terms & Conditions and a sample Application Form, which were
distributed to eligible shareholders today.
Yours faithfully
T.C.A. Binks
Chief Operating Officer
Share Purchase Plan Enquiries
Computershare Investor Services Pty Limited
1300 350 716 (within Australia)
+61 3 9415 4296 (outside Australia)
www.investorcentre.com
Argo Investments Limited
ABN 35 007 519 520
9 September 2016
Dear Shareholder,
Share Purchase Plan (SPP)
On behalf of the Board, I am pleased to provide eligible shareholders with the opportunity to participate in Argo Investments
Limited’s (Argo) Share Purchase Plan (SPP Offer) by subscribing for up to $15,000 of new fully paid ordinary shares in Argo
(New Shares) without incurring brokerage and subject to the Terms and Conditions detailed in this booklet.
The SPP Offer will open on Friday 9 September 2016 and will remain open for subscription until 5.00pm (Adelaide time) on
Wednesday 28 September 2016.
It is intended that funds raised by the SPP will be applied to equity market investments appropriate to achieving Argo’s objective
of maximising long-term returns to shareholders through a mix of capital and dividend growth.
The SPP issue price will be the lower of $7.32 or the volume-weighted average price of Argo shares traded on the Australian
Securities Exchange (ASX) over the 5 trading days up to and including the day on which the SPP Offer is scheduled to close
(being from 22 September to 28 September 2016 inclusive), rounded down to the nearest cent. Therefore, the maximum
price that eligible shareholders will pay is $7.32 per New Share, which was calculated by applying a 2% discount to the
volume-weighted average price of shares traded on the ASX over the 4 trading days from 24 August to 29 August 2016 inclusive.
Argo will announce the final issue price for the SPP Offer after the offer closes.
If applications for New Shares under the SPP Offer exceed $200 million, Argo may at its absolute discretion, allocate less than
the number of New Shares you have applied for (Scale Back) and determine to apply the Scale Back to the extent and in the
manner that it sees fit.
The SPP Offer is made in accordance with Australian Securities and Investments Commission (ASIC) Class Order 09/425.
Pursuant to this Class Order, there are limitations on the amount that can be invested if you hold fully paid ordinary Argo shares
(Argo Shares) in more than one capacity, unless you are applying as a Custodian. We strongly recommend that you read and
understand section 3 of the Terms and Conditions before making an application for New Shares.
All New Shares issued under the SPP Offer will rank equally with existing Argo Shares from the date of issue, and carry the same
voting rights, dividend rights and other entitlements as existing Argo Shares.
Your personalised Application Form is enclosed and I encourage you to read and consider carefully the Terms and Conditions of
the SPP that follow. If you do not wish to participate in the SPP Offer, you do not need to take any action.
Please note that Argo’s share registry is managed by Computershare Investor Services Pty Limited (Computershare). SPP
applications and enquiries should be directed to Computershare using the contact details shown on the Application Form.
Thank you for your continued support.
Yours faithfully,
Ian Martin AM
Chairman
ARGO INVESTMENTS LIMITED
ABN 35 007 519 520
SHARE PURCHASE PLAN (SPP) - TERMS AND CONDITIONS
1.
SPP Offer
1.1.
U nder the SPP, Eligible Shareholders (defined below) have the opportunity
to participate in the SPP Offer by subscribing for up to $15,000 of New
Shares without incurring brokerage and subject to the following Terms and
Conditions.
(b) it is exempt under:
1.2.
P lease read these Terms and Conditions relating to the SPP Offer carefully,
as you will be bound by them by participating in the SPP.
1.3.
A ll New Shares issued under the SPP Offer will rank equally with existing
Argo Shares from the date of issue, and carry the same voting rights,
dividend rights and other entitlements as existing shares.
1.4.
A ll amounts referred to in these Terms and Conditions are in Australian
dollars.
2.
(ii) ASIC Class Order (CO 05/1270) to the extent that it relates to ASIC
Class Order (CO 03/184),
from the requirement to hold an Australian financial services licence for
the provision of a custodial or depositary service; or
(c) it is a trustee of a self-managed superannuation fund or a superannuation
master trust; or
(d) it is the responsible entity of an IDPS-like scheme (as defined by ASIC
Class Order (CO 02/296)); or
(e) it is the registered holder of Argo Shares and is noted on the Argo register
of members as holding Argo Shares on account of another person.
Key Dates
Event
Date
Record Date
Wednesday 24 August 2016
(7:00pm Adelaide time)
SPP Offer opens
Friday 9 September 2016
SPP Offer closes
(Closing Date)
Wednesday 28 September 2016
(5:00pm Adelaide time)
Allotment of New Shares
Tuesday 11 October 2016
Dispatch of allotment confirmations
and refunds if applicable
Friday 14 October 2016
Argo reserves the right to vary the timetable for the SPP Offer, including the
Closing Date of the SPP Offer.
3.
(i) paragraph 7.6.01(1)(k) of the Corporations Regulations 2001; or
Eligible Shareholders
3.1. You are eligible to participate in the SPP Offer (an Eligible Shareholder) if:
(a) you were registered on the Argo share register as a holder of Argo Shares
at 7:00pm (Adelaide time) on 24 August 2016 (Record Date); and
A ‘Beneficiary’ is a client of a Custodian or Downstream Custodian (defined
below) on whose behalf the Custodian or Downstream Custodian held Argo
Shares on the Record Date.
To the extent that a Custodian holds Argo Shares on behalf of a Beneficiary
resident outside Australia and New Zealand, it is the responsibility of the
Custodian to ensure that any acceptance complies with all acceptable
foreign laws.
Custodians wishing to participate on behalf of one Beneficiary per registered
holding should pay by BPAY or complete the Application Form and return it
to Argo’s share registry with payment. Custodians wishing to participate on
behalf of more than one Beneficiary per registered holding should contact
Argo’s share registry and request a Custodian Certificate and Schedule.
3.5. If you hold Argo Shares as a custodian, trustee or nominee for another
person, but are not a Custodian as defined above, you cannot participate
for beneficiaries in the manner described above. In this case, the rules for
multiple single holdings (above) apply.
3.6. If you choose not to participate in the SPP Offer, your right to participate
lapses on the Closing Date.
4.
(b) you have a registered address in either Australia or New Zealand at that
time, unless you are, or are acting for the account or benefit of, a U.S.
Person (as defined in Regulation S under the U.S. Securities Act).
3.2. Argo has determined that it is not practical for holders of Argo Shares with
addresses on the share register in other jurisdictions to participate in the
SPP Offer. Shares to be allotted under the SPP have not been and will not
be registered under the U.S. Securities Act and may not be offered, sold or
delivered, directly or indirectly, in or to persons in, the United States.
3.3. Eligible Shareholders can only apply for a maximum of $15,000 worth
of New Shares in aggregate under the SPP (unless you are applying as
a Custodian). This limitation applies even if Eligible Shareholders receive
more than one Application Form due to multiple holdings, or if they hold
Argo Shares in more than one capacity such as if they are a sole Eligible
Shareholder and a joint Eligible Shareholder and/or an Eligible Shareholder
with more than one holding under a separate account or designation.
Joint holders/joint beneficiaries
If two or more persons are registered on the Argo share register as jointly
holding Argo Shares, they are taken to be a single registered holder of Argo
Shares and a certification given by any of them is taken to be a certification
given by all of them.
5.
Application procedure for New Shares
5.1.
The SPP Offer opens on 9 September 2016.
5.2.
E ligible Shareholders may apply for a maximum of $15,000 worth of New
Shares under the SPP. The following options to acquire New Shares under
the SPP are available:
Option
Dollar value of New Shares
1
$500
2
$1,000
3
$2,000
4
$3,000
5
$4,000
6
$5,000
7
$7,500
(i) covers the provision of a custodial or depositary service; or
8
$10,000
(ii)
includes a condition requiring the holder to comply with the
requirements of ASIC Class Order (CO 02/294); or
9
$15,000
3.4. Eligible Shareholders who hold Argo Shares as a custodian, trustee or
nominee (Custodian) (defined below) may participate on behalf of each
Beneficiary (defined below) on whose behalf the Custodian is holding Argo
Shares. An Eligible Shareholder is deemed to be a Custodian under ASIC
Class Order (CO 09/425) if:
(a) it holds an Australian financial services licence that:
Share Purchase Plan (SPP) - Terms and Conditions continued
5.3.
T he number of New Shares is rounded up to the nearest whole number after
dividing the dollar amount by the issue price.
5.4.
If you do not wish to accept the SPP Offer, you do not need to take any action
and the SPP Offer will lapse on the Closing Date.
5.5.
8.
Issue date
If you wish to apply for New Shares under the SPP Offer, Eligible Shareholders
must either:
8.1.
T he New Shares will be issued on or around 11 October 2016 or as soon as
possible after that date.
(a) pay by BPAY, using an Australian bank account, in accordance with
the instructions on the Application Form to ensure cleared funds are
received by the Closing Date. If paying by BPAY you do not need to return
the Application Slip, but you are taken to make the certifications and
representations described in this booklet; or
8.2.
A llotment confirmations will be dispatched on or around 14 October 2016.
You should confirm your holding before trading in any New Shares you
believe have been allotted to you under the SPP Offer. In advance of receiving
your allotment confirmation notice, you can check the number of New
Shares issued under the SPP Offer by visiting Computershare’s website at
www.investorcentre.com and following the security access instructions.
9.
No transfer
(b) complete the enclosed Application Slip and forward it with a cheque,
bank draft or money order to Computershare Investor Services Pty
Limited, GPO Box 2987, Adelaide, South Australia 5001, drawn on an
Australian bank account and in Australian dollars for the correct amount
so that it is received prior to the close of the offer on the Closing Date.
Do not forward cash. Cheques, bank drafts and money orders should be
made payable to “Argo Investments Limited”. Receipts for payment will
not be issued.
5.6.
5.7.
A ny application money received in excess of the amount required for the
number of New Shares you successfully apply for will be refunded to you
without interest. If the amount received is less than $500, Argo will not allot
any New Shares to you and the money received from you will be refunded
without interest.
A rgo reserves the right to reject any application for New Shares under the
SPP Offer that it believes does not comply with these Terms and Conditions.
6.
Issue price
6.1.
The issue price for New Shares will be the lower of:
(a) $7.32 which is a 2% discount to the volume-weighted average price of
Argo Shares traded on the ASX over the 4 trading days from 24 August
to 29 August 2016 inclusive; or
(b)
the volume-weighted average price of Argo Shares traded on the
ASX over the 5 trading days up to and including the Closing Date
(being from 22 September to 28 September 2016 inclusive), rounded
down to the nearest cent.
Therefore, the maximum price that Eligible Shareholders will pay is $7.32
per New Share. Argo will announce the final issue price for the SPP Offer
after the offer closes.
You should note that Argo’s share price may rise or fall between the date
of this offer and the date when New Shares are allotted and issued to you
under the SPP Offer. This means that the price you pay per New Share
pursuant to this offer may be either higher or lower than the Argo share
price at the time of the offer or at the time the New Shares are issued and
allotted to you under the SPP Offer. Please refer to the information under
“Participation is optional” about how to monitor current trading prices of
Argo Shares.
6.2.
7.
Australian Securities Exchange (ASX) website at www.asx.com.au
(ASX code: ARG). Argo also recommends that you monitor via the above
mentioned websites any Argo announcements made to the ASX.
T he number of New Shares issued to an applicant will be determined by
dividing the value of the New Shares applied for by the issue price. If this
calculation produces a fractional number, the number of New Shares issued
will be rounded up to the nearest whole New Share.
Participation is optional
Participation in the SPP Offer is entirely optional (subject to the eligibility
criteria set out in these Terms and Conditions). The offer to acquire New
Shares is not a recommendation. If you are in any doubt about the SPP
Offer, whether you should participate in the SPP Offer or how participation
will affect you, you should consider seeking independent financial and
taxation advice before making a decision as to whether or not to accept this
offer. Argo also recommends that you monitor the Argo share price which
can be found on Argo’s website at www.argoinvestments.com.au, in the
financial pages of major Australian metropolitan newspapers, or on the
The SPP Offer is non-renounceable and non-transferable and, therefore,
Eligible Shareholders cannot transfer their right to purchase New Shares
under the SPP Offer to a third party.
10.
Brokerage and transaction costs
No brokerage or other transaction costs will apply to the acquisition of
New Shares under the SPP. The only cost to you is the issue price of the
New Shares.
11.
Quotation
Argo will apply for New Shares issued under the SPP to be quoted on
the ASX.
12.
Class Order compliance
The SPP Offer of New Shares is made in accordance with ASIC Class
Order (CO 09/425), which grants relief from the requirement to prepare a
prospectus for the SPP Offer of New Shares.
13.
Dispute resolution
13.1. Argo may settle, in any manner it deems, any difficulties, anomalies, or
disputes which may arise in connection with the operation of this SPP
whether generally or in relation to any participant or any application for New
Shares, and its decision shall be conclusive and binding on all participants
and other persons to whom the determination relates.
13.2. Argo reserves the right to waive strict compliance with any provision of these
Terms and Conditions.
13.3. The powers of Argo under these Terms and Conditions may be exercised by
its Directors or any delegate or representative of the Directors.
14.
Scale Back of offer
14.1. If applications for New Shares under the SPP Offer exceed $200 million,
Argo may at its absolute discretion, allocate to you less than the number of
New Shares you have applied for. If there is a Scale Back, Argo may in its
absolute discretion determine to apply the Scale Back to the extent and in
the manner that it sees fit.
14.2. If the Scale Back produces a fractional number of New Shares when applied
to your issue of New Shares, the number of New Shares issued will be
rounded up to the nearest whole New Share.
14.3. If there is a Scale Back, your application money may be greater than
the value of the New Shares you will be issued. In that event, the excess
application money will be refunded to you without interest on or around
14 October 2016. Any application monies refunded by Argo will be paid by
cheque or direct credit (the payment method will be determined by Argo in
its absolute discretion) in Australian currency. By applying for New Shares,
each shareholder authorises Argo to pay any monies to be refunded by using
the payment instructions of the shareholder recorded in Argo’s share registry
if Argo should elect to pay in this manner.
15.
Variation and termination
15.1. Argo reserves the right to amend or vary these Terms and Conditions and to
suspend or terminate the SPP at any time.
continued over
Share Purchase Plan (SPP) - Terms and Conditions continued
(iii) each Beneficiary has subsequently instructed either you or the
Downstream Custodian (as applicable) to apply for shares on their
behalf under the SPP;
15.2. Failure to notify shareholders of a change to or termination of the SPP Offer
or the non-receipt of notice will not invalidate the change or termination.
15.3. Argo reserves the right not to issue New Shares or to issue fewer New
Shares than that applied for under the SPP by an Eligible Shareholder
(including a Custodian applying on behalf of its Beneficiaries) if Argo believes
that the issue of those New Shares would contravene any law or the ASX
Listing Rules.
(iv) details of the number of Beneficiaries instructing you to participate,
the name and address of each Beneficiary and in respect of each
such Beneficiary:
(A) the number of Argo Shares that you hold on behalf of that
Beneficiary; and
15.4. In the event that the SPP is terminated prior to the issue of New Shares, all
application monies will be refunded. No interest will be paid on any monies
returned to you.
16.
(B) the dollar amount of New Shares that the Beneficiary, or its
agent, has instructed you to accept on behalf of the Beneficiary;
Acknowledgements
as set out in the Application Form or the Custodian Certificate and
Schedule, is true and correct;
By making payment (including through BPAY) or returning an Application Slip
or Custodian Certificate and Schedule, you certify, acknowledge, warrant
and represent as true, correct and not misleading to Argo that:
(v) there are no Beneficiaries in respect of whom the total of the
application value for (a) the New Shares applied for by you under
the SPP on their behalf; and (b) any Argo Shares issued to you in
the previous 12 months as a result of an instruction given by the
Beneficiary to you or a Downstream Custodian to apply for Argo
Shares on their behalf under an arrangement similar to the SPP,
exceeds $15,000; and
(a) you have read and accepted the Terms and Conditions in full;
(b) you declare that all details and statements in your application are true
and complete and not misleading;
(c) your application, under the Terms and Conditions of the SPP set out in
this booklet (including the Application Form and Custodian Certificate
and Schedule), will be irrevocable and unconditional (i.e. it cannot be
withdrawn);
(vi) a copy of this offer document was given to each Beneficiary;
(k) you may be offered New Shares pursuant to the SPP in accordance
with all applicable laws, and any acceptance by you on your own behalf
or in respect of any person for which you are acting complies with all
applicable laws;
(d) as at the Record Date, you were recorded on Argo’s share register
as being a registered holder of Argo shares and having an address in
Australia or New Zealand;
(e) if you have a registered address in New Zealand, you continued to hold
Argo Shares as at the opening of the SPP Offer on 9 September 2016;
(l) you accept the risk associated with any refund that may be dispatched
to you by direct credit or cheque to your address shown on Argo’s share
register;
(f) you and each person for whose account or benefit you are acting is not
in the United States and is not a U.S. Person, or acting for the account or
benefit of a U.S. Person;
(m) you are responsible for any dishonour fees or other costs Argo may incur
in presenting a cheque for payment which is dishonoured;
(n) you agree to be bound by the provisions of the Constitution of Argo (as
amended and as it may be amended from time to time in the future);
(g) you acknowledge that the New Shares have not, and will not be,
registered under the U.S. Securities Act or the securities laws of any
state or other jurisdiction of the United States, and the New Shares may
not be offered, sold or otherwise transferred unless an exemption from
the registration requirements of the U.S. Securities Act is available;
(o) you authorise Argo and its affiliates, officers and representatives to do
anything on your behalf necessary for New Shares to be issued to you in
accordance with these Terms and Conditions;
(p) you authorise Argo (and its officers and agents) to correct minor or easily
rectified errors in, or omissions from, your application and to complete
the application by the insertion of any missing minor detail; and
(h) you represent that you have not, and you agree that you will not, send
any materials relating to the SPP to any person in the United States or
to any person who is, or is acting for the account or benefit of, a U.S.
Person;
(i) if you are applying on your own behalf (and not as a Custodian) you are
not applying for New Shares with an aggregate application value, when
aggregated with the application value of any Argo Shares issued to you
or a Custodian on your behalf under the SPP Offer or similar arrangement
in the previous 12 months, of more than $15,000 under the SPP Offer
(including by instructing a Custodian to acquire New Shares on your
behalf under the SPP Offer), and you are complying with the limitations
detailed in clause 3.3 of the SPP Terms and Conditions;
(j) if you are a Custodian and are applying on behalf of a Beneficiary on
whose behalf you hold Argo Shares:
(i) you are a Custodian (as that term is defined in ASIC Class Order
(CO 09/425));
(ii) either or both of the following apply (as applicable):
(A) that on the Record Date you held Argo Shares on behalf of one or
more other persons (each a Beneficiary) that are not Custodians;
(B)
that on the Record Date another Custodian (Downstream
Custodian) held beneficial interests in Argo Shares on behalf
of one or more other persons (each a Beneficiary), and you hold
the shares to which those beneficial interests relate on behalf of
the Downstream Custodian or another Custodian;
(q) Argo may at any time irrevocably determine that your application is valid
in accordance with these Terms and Conditions, even if the application is
incomplete, contains errors or is otherwise defective.
17.
Governing law
These Terms and Conditions are governed by the laws in force in South
Australia.
all enquiries:
Phone:
(within Australia) 1300 350 716
(outside Australia) 61 3 9415 4296
Web:
www.investorcentre.com/contact
Make your payment:
See over for details of the SPP Offer
and how to make your payment
Share Purchase Plan Application Form
If you wish to participate in the SPP, your payment must be received by 5:00pm (Adelaide time)
Wednesday 28 September 2016
This is an important document that requires your immediate attention.
It can only be used in relation to the shareholding represented by the
details printed overleaf. If you are in doubt about how to deal with
this form, please contact your financial or other professional adviser.
Capitalised terms in the Application Form have the meaning set out
in the Terms and Conditions of the SPP Offer that accompanied this
Application Form which should be read and carefully considered.
Argo Investments Limited (Argo) may make determinations in any
manner it thinks fit, in relation to any difficulties which may arise
in connection with the SPP whether generally or in relation to
any participant or application. Any determinations by Argo will be
conclusive and binding on all Eligible Shareholders and other persons
to whom the determination relates. Argo reserves the right to waive
strict compliance with any provision of the Terms and Conditions of
the SPP, to amend or vary those Terms and Conditions or to suspend
or terminate the SPP at any time. Any such amendment, suspension
or termination will be binding on all Eligible Shareholders even where
Argo does not notify you of that event.
By making your payment, you agree to be bound by Argo’s
Constitution and the Terms and Conditions of this SPP Offer; and
that your application is irrevocable. In addition, you certify that the
aggregate application value (refer paragraph 3.3 of the Terms and
Conditions) paid by you for the New Shares applied for by you
under this SPP or any other Argo SPP or similar arrangement in the
previous 12 months; and any New Shares which you have instructed
a Custodian to acquire on your behalf under this SPP or any other
Argo SPP or similar arrangement in the previous 12 months; does
not exceed $15,000.
If you are a Custodian within the definition of ASIC Class Order
(CO 09/425), you must submit a Custodian Certificate and
Schedule if you are applying for New Shares on behalf of more
than one Beneficiary. If you need further information regarding this
documentation or to determine whether you are a Custodian, see the
SPP Terms and Conditions that accompanied this Application Form.
By returning the Application Slip or submitting funds through BPAY®,
you represent and warrant that you are not in the United States or a
U.S. Person (as defined in Regulation S under the U.S. Securities
Act) and are not acting for the account or benefit of a U.S. person.
Detach here
Please check the registration details provided and update your
address via www.investorcentre.com if any of the details are incorrect.
If you have a CHESS sponsored holding, please contact your
Controlling Participant to notify a change of address.
Step 2: Make Your Payment
Eligible Shareholders may apply for a maximum of $15,000 worth
of New Shares under the SPP. The following options to acquire
New Shares under the SPP are available: $500, $1,000, $2,000,
$3,000, $4,000, $5,000, $7,500, $10,000 or $15,000.
The amount chosen may be subject to Scale Back in accordance with
the Terms and Conditions of the SPP.
Choose one of the following payment methods:
® Registered to BPAY Pty Limited ABN 69 079 137 518
By BPAY: See overleaf. Do not return the Application Slip when
paying by BPAY.
By Mail: Complete the reverse side of this Application Slip and
detach and return with your payment. Your cheque, bank draft or
money order should be made payable to Argo Investments Limited
in Australian dollars and crossed Not Negotiable. Your cheque
or bank draft must be drawn on an Australian branch of a bank or
financial institution. Please ensure you submit the correct amount.
Post your payment and Application Slip to Computershare
Investor Services Pty Limited, GPO Box 2987, Adelaide,
South Australia 5001, Australia. We are unable to accept payments
by cash, credit card or direct debit from your bank account.
Payment will be processed on the day of receipt and as such,
sufficient cleared funds must be held in your account. If not, cheques
received may not be re-presented for payment and may result in your
Application being rejected. Paperclip (do not staple) your cheque,
bank draft or money order to the Application Slip overleaf, as
indicated. Receipts for payment will not be forwarded.
Entering your contact details on the Application Slip is not compulsory,
but will assist us if we need to contact you.
Please turn over è
213869_01VEED
Step 1: Registration Details
Share
Share Purchase
Purchase Plan
Plan Application
Application Form
Form
STEP 1
STEP 1
Registration & Offer Details
Registration & Offer Details
Registration Details:
Registration Details:
Offer Details:
Offer Details:
STEP 2
STEP 2
MR JOHN SMITH 1
MR JOHN
FLAT
123 SMITH 1
FLATSAMPLE
123
123
STREET
123 SAMPLE
THE
SAMPLESTREET
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THE SAMPLE
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SAMPLE
ESTATE
SAMPLE ESTATE
SAMPLEVILLE
VIC 3030
SAMPLEVILLE VIC 3030
I 123456789
I 123456789
your security keep your SRN/
For
For your
security keep your SRN/
confidential.
HIN
HIN confidential.
Entitlement No:
Entitlement No:
0123456
0123456
Closing Date:
5:00pm (Adelaide time) Wednesday 28 September 2016
Record Date
24 August 2016
Application amount:
Refer to the Application Slip below for parcel size options. Your application amount will be
applied to the purchase of New Shares.
Pricing:
The issue price per New Share under the SPP Offer is the lower of:
(a) $7.32 (a 2% discount to the volume-weighted average price of Argo Shares traded
on the ASX over the 4 trading days from 24 August to 29 August 2016 inclusive;
or
(b) the volume-weighted average price of Argo Shares traded on the ASX over the
5 trading days up to and including the Closing Date (being from 22 September to
28 September 2016 inclusive), rounded down to the nearest cent.
Make Your Payment
Make Your Payment
Pay by Mail:
Pay by Mail:
Pay by BPAY:
Pay by BPAY:
Complete your Application Slip and post with your cheque, bank
your order
Application
Slipofand
post
with your cheque,
bank
draft or money
in favour
Argo
Investments
Limited to:
draft or money order in favour of Argo Investments Limited to:
Computershare Investor Services Pty Limited
Computershare
GPO
Box 2987 Investor Services Pty Limited
GPO
Box South
2987 Australia 5001
Adelaide
Adelaide
South
Australia 5001
Australia
A
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