Magellan website

Magellan Financial
Group Options
(ASX:MFGO)

About

About the Options

On 31 March 2022, Magellan Financial Group Ltd (“Magellan”) announced the launch of a one (1) for eight (8) pro rata non-renounceable bonus issue of options (“Options”) to eligible shareholders for nil consideration (“Bonus Issue”). Each Option will provide Option holders with the  right, but not the obligation, to acquire one Magellan share for each Option exercised at an exercise price of $35.00 per Option. The Options have an expiry date of 16 April 2027. 

To be eligible to receive Options under the Bonus Issue, you must hold ordinary shares in Magellan and be on the register of shareholders at 5:00pm (Sydney time) on 7 April 2022, and have a registered address in Australia, New Zealand, Canada (Ontario), Singapore or Hong Kong or any other jurisdiction in which the Company determines, in its sole discretion, it is reasonable to make the offer of Options having regard to applicable laws and ASX Listing Rule 7.7.1(a).

There is no payment required for the grant of Options.

The Options are expected to commence trading on the ASX on Tuesday 19 April 2022 with the ASX ticker “MFGO”.

The Prospectus relating to the Bonus Issue should be read in its entirety before you make a decision whether to deal with or exercise any Options. If, after reading the Prospectus, you have any questions, you should contact your financial adviser or other professional adviser.

Notice: Each Option is exercisable into one ordinary share in Magellan Financial Group Ltd (MFG). Please be aware that the $35.00 exercise price per Option may be higher than the current share price of MFG. You are encouraged to check the MFG share price prior to making a decision about whether to exercise your Options. The delayed market price of MFG shares, trading under the ASX ticker code ‘MFG’, is available on the ASX website:  www2.asx.com.au/markets/company/mfg

Key Dates

Key Dates

Prospectus lodged with ASIC 31 March 2022
Record Date to determine entitlements under the Bonus Issue 5:00pm (Sydney time), 7 April 2022
Expected issue and entry of Options on the register ("Issue Date") 14 April 2022
Normal trading of Options commences on ASX 19 April 2022
Prospectus and Option Exercise Form (including holding statement) sent to Eligible Shareholders 21 April 2022
Expiry Date for Options 5:00 pm (Sydney time), 16 April 2027
The above dates (except the date of the Prospectus) are subject to change and are indicative only. Magellan reserves the right to amend this indicative timetable subject to the Corporations Act and the Listing Rules.
FAQs

Frequently Asked Questions

The Options provide the right, but not the obligation, to acquire one ordinary share in Magellan Financial Group Ltd (ASX: MFG) for every Option exercised at an exercise price of $35.00 per Option. Further information on the rights attaching to the Options are set out in the Prospectus relating to the Bonus Issue.

Eligible Shareholders will receive one (1) Option for every eight (8) shares held in Magellan on the Record Date (being, 5:00pm (Sydney time) on 7 April 2022).

Eligible Shareholders do not need to do anything to receive Options under the Bonus Issue. As the Options are being issued as part of a bonus issue, there is no payment required to receive a grant of the Options.

An application will be made to ASX for the Options to be quoted. The Options are expected to commence trading on the ASX on 19 April 2022 under the ticker “MFGO”.

An Option holder has two main choices before their Options expire:

1. Exercise some or all of their Options and be issued one Magellan share for each Option exercised; or
2. Sell some or all of their Options on the ASX.

If Option holders take no action, their Options will simply expire at the end of the exercise period (16 April 2027).

Each Option allows the holder to acquire one (1) Magellan share (ASX: MFG) at an exercise price of $35.00 per Option. This is the price at which Option holders can acquire an ordinary Magellan share when an Option is exercised.

If you would like to exercise some or all of your Options you can do so on any business day prior to, and including, the Expiry Date for the Options (16 April 2027) by either:

1) Accessing the Options Exercise Portal here, following the prompts and then paying $35.00 per option exercised via the BPAY details provided on your confirmation email.

Or

2) completing an Option Exercise Form and paying $35.00 per Option exercised to Magellan via the payment methods set out in the Option Exercise Form. A personalised Option Exercise Form was sent to Eligible Shareholders together with details of how to access the Prospectus. Alternatively, you can use the Option Exercise Form available here.

The minimum number of Options that can be exercised each time is the lower of (a) 100 Options and (b) all the Options held by the Option holder.

If you have any questions in relation to the Options, please contact Magellan’s Share Registrar, Boardroom Pty Limited on 1300 005 016 (from within Australia) or +61 2 9290 9600 (from outside Australia) or, alternatively, your financial adviser or other professional adviser.

Further Information

Further Information

For further information, please see links below:

If you have any questions in relation to the Bonus Issue, please contact Magellan’s Share Registrar, Boardroom Pty Limited on 1300 005 016 (from within Australia) or +61 2 9290 9600 (from outside Australia), or, alternatively,  your financial adviser or other professional adviser.