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CHALLENGER LIMITED Share Issue/Capital Change 2007
64641_rns_2007-09-16_cec24201-058d-4774-9388-4973168a7930.pdf
Share Issue/Capital Change
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Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 117196. Origin: Appendix 5. Amended 117198, 119199, 1171200D, 3019/2001, 1113/2002, 11112003.
Name of entity
CHALLENGER FINANCIAL SERVICES GROUP LIMITED
ABN 85 106 842 371
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
Nil
- 1 'Class of 'securities issued or to be issued Nil
- 2 Number of 'securities issued or to be issued (if known) or maximum number which may be issued
- 3 Principal terms of the 'securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
+ See chapter 19 for defined terms.
4 Do the 'securities rank equally in all respects from the date of allotment with an existing 'class of quoted 'securities?
If the additional securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
- 5 Issue price or consideration
- 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
- 7 Dates of entering 'securities into uncertificated holdings or despatch of certificates
- 'securities quoted on ASX (including the securities in clause 2 if applicable)
| Number | 'Class | ||
|---|---|---|---|
| 8 | Number 'class of and all 'securities quoted on ASX (including the securities in clause 2 if applicable) |
557,878,540 | Ordinary shares |
+ See chapter 19 for defined terms.
9 Number and 'class of all securities not quoted on ASX (including the securities in clause 2 if applicable)
| Number | Class |
|---|---|
| 38,045,000 | Ordinary shares |
| 67,800,000 | Options |
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
Part 2 - Bonus issue or pro rata issue
| 11 | approval Is security holder required? |
|
|---|---|---|
| 12 | Is the issue renounceable or non renounceable? |
|
| 13 | Ratio in which the 'securities will be offered |
|
| 14 | Class of 'securities to which the offer relates |
|
| 15 | Record date determine to entitlements |
|
| 16 | Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? |
|
| 17 | Policy for deciding entitlements in relation to fractions |
|
| 18 | Names of countries in which the has 'security holders who entity new issue will not be sent documents Note: Security holders must be told how their entitlements are to be dealt with, Cross reference: role 7.7. |
|
| 19 | Closing date for receipt acceptances or renunciations |
+ See chapter 19 for defined terms.
Appendix 3B New issue announcement
| 20 | Names of any underwriters |
|---|---|
| 21 | Amount of any underwriting fee or commission |
| 22 | Names of any brokers to the issue |
| 23 | Fee or commission payable to the broker to the issue |
| 24 | Amount of any handling fee payable to brokers who lodge or renunciations on acceptances behalf of security holders |
| 25 | If the issue is contingent on 'security approval, the holders' date of the meeting |
| 26 | Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled |
| 27 | If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders |
| 28 | Date rights trading will begin (if applicable) |
| 29 | Date rights trading will end (if applicable) |
| 30 | How do 'security holders sell their full entitlements through in a broker? |
| 31 | How do +security holders sell part of their entitlements through a broker and accept for the balance? |
+ See chapter 19 for defined terms.
32 How do 'security holders dispose of their entitlements (except by sale through a broker)?
33 +Despatch date
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion ofconvertibte securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents
- 35
- If the +securities are +equity securities, the names of the 20 largest holders of the additional 'securities, and the number and percentage of additional +securities held by those holders
- If the 'securities are 'equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 36
37
A copy of any trust deed for the additional 'securities
+ See chapter 19 for defined terms.
Entities that have ticked box 34(b)
| 38 | Number of securities for which 'quotation is sought |
1,900,000 | |
|---|---|---|---|
| 39 | of 'securities Class for which quotation is sought |
Ordinary Shares | |
| 40 | Do the 'securities rank equally in all respects from the date of allotment with an existing 'class of quoted 'securities? |
Yes, securities rank equally in all respects from the date of allotment with existing ordinary shares. |
|
| If the additional securities do not rank equally, please state: • the date from which they do + the extent which to they participate for the next dividend, (in the of case trust, a distribution) or interest payment |
|||
| the extent to which they do not + rank equally, other than in relation to the next dividend, distribution or interest payment |
|||
| 41 | Reason for request for quotation | ||
| now | In accordance with the Rules of the Long Term Incentive Plan, with effect from 15 September 2007, the shares have been released to a participant in the Plan. Such shares remain subject to the Rules of the LTIP until such time as the repayment of the associated loans. |
||
| Example: In the case of restricted securities, end of restriction period |
|||
| upon conversion of (if issued another security, clearly identify that other security) |
|||
| Number | |||
| 'Class | |||
| 42 | Number and 'class of all 'securities quoted on ASX (including the securities in clause 38) |
559,778,540 | Ordinary shares |
+ See chapter 19 for defined terms.
Quotation agreement
- 1 }Quotation of our additional 'securities is in ASX's absolute discretion. ASX may quote the 'securities on any conditions it decides.
- 2 We warrant the following to ASX.
- The issue of the }securities to be quoted complies with the law and is not for an illegal purpose.
- There is no reason why those 'securities should not be granted 'quotation.
- An offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any 'securities to be quoted and that no-one has any right to return any 'securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
- We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the 'securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
- If we are a trust, we warrant that no person has the right to return the 'securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
+ See chapter 19 for defined terms.
- 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
- 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: • Date:. I 7c '7-- (Secretary)
Print name: Suzanne Koeppenkastrop
- See chapter 19 for defined terms.