AFIC Notes – Maturity Date 28 February 2017
14 December 2016
The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
AFIC Notes - Maturity Date 28 February 2017
The Unsecured, Convertible Notes (AFIC Notes) issued by
Australian Foundation
Investment Company Limited (AFIC or the Company) on 19
December 2011 are due to mature on 28 February 2017 (Maturity Date).
Noteholders will receive correspondence from the Company in
January 2017 as required by the ASX Listing Rules.
Noteholders will have several options available to them:
1. Conversion of AFIC Notes to AFIC Ordinary Shares
To convert some or all of their holding of AFIC Notes into AFIC ordinary
shares (AFIC
Shares) Noteholders must submit an Exit Notice by 13 February 2017.
Noteholders who elect to convert any of their AFIC Notes will receive 19.66
AFIC shares, equivalent to $5.0864 per share, for every AFIC Note (subject to
rounding and pursuant to Section 7 of the Prospectus).
Noteholders will also be entitled to receive interest up to the Maturity
Date.
Noteholders will receive an Exit Notice in January 2017.
Noteholders who wish to convert their AFIC Notes to AFIC Shares must complete
the Exit Notice and return it
by post to the Company's Share Registry Computershare Investor Services Pty
Limited, GPO Box 52. Melbourne Victoria 3001 Australia. The Exit Notice is
also
available on the Company's website.
The deadline for receipt of the exit notice is 13 February 2017.
2. Redemption of AFIC Notes (Default Option)
Noteholders that take no action will have their entire holding of AFIC Notes
redeemed
on the Maturity Date. The Repayment Amount is $100 per Note (Face Value) and
will
be paid in full along with all interest. The Company will pay the proceeds in
accordance
with the payment instructions on file.
3. Sale of AFIC Notes on the Australian Securities Exchange (ASX)
The AFIC Notes are currently quoted on the ASX under code AFIG. Trading in
the
AFIC Notes on the ASX will cease from the close of trading on 22 February
2017. Any
trades would be subject to normal ASX market terms and conditions and the
applicable
brokerage charges.
Outlined below are the key dates regarding maturity of the AFIC Notes.
Important Dates
Deadline to convert AFIC Notes to AFIC Shares
(by completing an Exit Notice)
13 February 2017
Ex-date for final interest payment 17 February 2017
Record Date for final interest payment 20 February 2017
Last Trading Date in AFIG 22 February 2017
Maturity Date/Conversion Date 28 February 2017
If Noteholders have any questions in relation to the above, please do not
hesitate to
contact Computershare on 1300 662 270.
Yours faithfully
Matthew Rowe
Company Secretary
End CA:00294322 For:AFC Type:GENERAL Time:2016-12-15 08:30:05