27 November 2020
ASX Limited
ASX Market Announcements Office
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
MAGELLAN FINANCIAL GROUP LIMITED
GLOBAL EQUITIES RETAIL FUND RESTRUCTURE EFFECTIVE
Magellan Financial Group Limited's ('Magellan Financial Group') main operating subsidiary, Magellan Asset Management Limited ('Magellan') is pleased to announce that the restructure of its Global Equities retail product offering, as announced to the ASX on 3 August 2020, is now effective, following approval by unitholders and the receipt of judicial advice from the Court.
The key dates in relation to the Restructure and MGF Partnership Offer and Bonus MGF Option Issue1, that were outlined in detail in the Explanatory Memoranda, are set out below:
Key Dates | |
Effective Date | Friday, 27 November 2020 |
Suspension of MGE and MGG Units from trading on ASX | Close of business on |
Friday, 27 November 2020 | |
Magellan Global Fund Open Class Units (ASX: MGOC) and Closed | 12pm on Monday, 30 November 2020 |
Class Units (ASX: MGF) commence trading on ASX on a deferred | |
settlement basis | |
MGE and MGG Trust Scheme Record Date | Tuesday, 1 December 2020 |
Implementation Date | Tuesday, 8 December 2020 |
Normal trading in Magellan Global Fund Open Class Units (ASX: | Wednesday, 9 December 2020 |
MGOC) and Closed Class Units (ASX: MGF) commences | |
The following key dates are expected to apply to the proposed MGF Partnership Offer | |
Record date for MGF Partnership Offer | Tuesday, 8 December 2020 |
MGF Partnership Offer Calculation Date | Friday, 8 January 2021 |
Expected MGF Partnership Offer opening date | Monday, 18 January 2021 |
Expected MGF Partnership Offer closing date | Tuesday, 23 February 2021 |
Record date for Bonus MGF Option Issue | Week ending 26 February 20212 |
Expected date for the allotment of Closed Class Units and | Monday, 1 March 2021 |
MGF Options under the MGF Partnership Offer and Bonus MGF | |
Option Issue |
- All dates and times are indicative only and are subject to change. Any changes to the timetable will be announced on the Magellan Global Fund Closed Class and Open Class ASX announcements platform as relevant.
To be eligible to participate in the MGF Partnership Offer, you must be a unitholder in Magellan Global Fund on the record date of 8 December 2020. Your entitlement under the MGF Partnership Offer will be calculated using either the number of units you hold on the record date, or the number of units you hold on the MGF Partnership Offer Calculation Date of 8 January 2021, whichever is lower.
- Only available for Closed Class unitholders in Magellan Global Fund on the Bonus MGF Option Issue Record Date
- Bonus MGF Option Issue Record date will be determined in early January 2021
Authorised by
Marcia Venegas | Company Secretary
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Magellan Financial Group Limited published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 23:22:02 UTC