stapled security consolidation

  1. 613 Posts.
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    12 May 2010
    Trading in GPT Securities
    Post Approval of Consolidation
    The GPT Group wishes to confirm that as per ASX requirements, following the approval of the consolidation of securities at the Annual General Meeting on Monday 10 May and as outlined in the Notice of Meeting and Explanatory Memorandum issued in relation to that Meeting, the Group?s securities are now trading as consolidated securities on a deferred settlement basis. Consistent with the ASX timetable and requirement for transactions of this type, GPT securities are now trading under the ASX code GPTDA (on a deferred settlement basis).
    The Group?s securities will resume trading under the code GPT on 26 May when Normal T+3 trading post the completion of the consolidation occurs.
    The timetable in relation to the process of consolidation as shown on page 10 of the Notice of Meeting and Explanatory Memorandum is shown below:
    Event
    Date
    Trading in consolidated Stapled Securities, on a deferred settlement basis, starts
    Wednesday 12 May
    Last day for GPT to register Stapled Security transfers on a pre-consolidated basis
    Tuesday 18 May
    First day for GPT to register Stapled Security transfers on a consolidated basis
    Stapled Security consolidation
    Wednesday 19 May
    GPT announces to ASX that dispatch of the holding statements has occurred (by no later than 12 noon Sydney time)
    Tuesday 25 May
    Normal T+3 ASX Stapled Security trading starts
    Wednesday 26 May
    Settlement of ASX Stapled Security trades conducted on the normal T+3 basis
    First settlement of ASX Stapled Security trades conducted on a deferred settlement basis
    Monday 31 May
    - Ends -

 
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