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