Firm bids are due by 10am Tuesday 8 October 2019 (AEST) - Subject to early close without notice.
|Prospectus lodgement date||26 September 2019|
|Broker Firm Offer closes||10:00am, 8 October 2019|
|Bookbuild to determine Final Price||15 and 16 October 2019|
|Expected commencement of trading on a conditional and deferred settlement basis on the ASX||18 October 2019|
|Settlement of the Offer||5:00pm, 22 October 2019|
|Completion of the Restructure||23 October 2019|
|Expected transfer of Shares (Allotment Date)||23 October 2019|
|Commencement of unconditional trading on a deferred settlement basis on ASX||23 October 2019|
|Expected despatch of holding statements||24 October 2019|
|Expected commencement of trading on a normal settlement basis on the ASX||25 October 2019|
The dates above are indicative only and may be subject to change without notice.
Key offer statistics
|Indicative Price Range||$2.00||$2.25|
|Final Price/Pro forma LTM Jun-20 Cash NPAT per Share||12.4x||13.9x|
|Enterprise value  /Pro forma LTM Jun-20 Adjusted EBITDA||7.8x||8.8x|
|Total number of Shares on issue at Completion of the Offer (million Shares)||1,778.2||1,778.2|
|Market capitalisation using the Indicative Price Range ($ millions)||$3,556.5||$4,001.0|
|Total proceeds under the Offer ($ millions)||$1,244.8||$1,400.4|
|– Primary Shares ($ millions)||$1,058.2||$1,065.0|
|– Secondary Shares ($ millions)||$186.6||$335.4|
|Total number of Shares available under the Offer (millions)||622.4||622.4|
|– Primary Shares (millions)||529.1||473.3|
|– Secondary Shares (millions)||93.3||149.1|
|Total number of Shares available under the Offer / total number of Shares on issue at Completion of the Offer||35.0%||35.0%|
|Implied annualised 1H20 forecast dividend yield using the Indicative Price Range||5.2%||4.6%|
 Enterprise value calculated as market capitalisation less pro forma unrestricted cash and cash equivalents as at 30 June 2019.
 The implied dividend yield is based on the expected dividend for the 6 month period to 30 June 2020 (the first expected dividend) assuming the mid-point of the target dividend payout ratio, on an annualised basis.