MCN7 are issued by MGL under the MCN7 Terms and the Trust Deed and holders About the Trustee of MCN7 have no claim on MGL except as provided in the MCN7 Terms and the Trust Deed. [...] MCN7 Holders should also be aware that the ability to use the franking credits, either as an offset to a tax liability or by claiming a refund after the end of the income year, will depend on the individual tax position of each MCN7 Holder and the tax rules that apply at the time of each distribution. [...] • If you do not provide these account details to the Registrar, or if any Distribution paid to you is unsuccessful, then you will be sent a notice advising you of the amount of the Distribution and the funds will be held in a bank account as a non-interest bearing deposit until the first to occur of the following: − you provide valid account details to the Registrar; − the MCN7 Holder or any legal. [...] 2.3.2 7BW4 hat happens if the Exchange Conditions are not met on the Scheduled Mandatory Exchange Clauses 2.1, 2.3 and Date (15 December 2034)? 3.2 of the MCN7 • If still on issue, the MCN7 will be Exchanged on the Scheduled Mandatory Exchange Date, provided that the Terms and section Exchange Conditions are satisfied on this date. [...] The calculation of the Exchange Number of Ordinary Shares that MCN7 Holders will receive upon Optional Exchange is the same as described in section 2.3.4 for a Relevant Mandatory Exchange Date (with the Optional Exchange Date substituted for the Relevant Mandatory Exchange Date) and using the Maximum Exchange Number applicable to an Optional Exchange Date as described in section 2.4.5.
Authors
Related Organizations
- Pages
- 162
- Published in
- Australia
Table of Contents
- Important notices 2
- Contents 4
- Guidance for retail investors 5
- Key dates 6
- 1. Investment overview 9
- 1.1 Key features of the Offer 9
- 1.2 Key features of MCN7 10
- 1.3 What are the key risks of investing in MCN7 16
- 1.4 Comparison between MCN7 and other investments 19
- 1.5 What is the Offer and how do I apply 20
- 2. About MCN7 24
- 2.1 Distributions 24
- 2.2 Term 30
- 2.3 Mandatory Exchange 31
- 2.4 Exchange at option of MGL 35
- 2.5 Redemption at option of MGL 36
- 2.6 Resale at option of MGL 37
- 2.7 Non-Viability Event Exchange 37
- 2.8 Exchange on an Acquisition Event 40
- 2.9 Regulatory treatment of MCN7 42
- 2.10 Ranking of MCN7 42
- 2.11 Other 42
- 3. About the Reinvestment Offer 47
- 3.1 Overview 47
- 3.2 Options available to Eligible MCN3 Holders 50
- 3.3 Risks associated with participating in the Reinvestment Offer 51
- 3.4 Key differences between MCN3 and MCN7 51
- 4. About MGL and the Macquarie Group 54
- 4.1 Introduction 54
- 4.2 Reporting and disclosing obligations 54
- 4.3 Organisational structure 55
- 4.4 Business strategies 56
- 4.5 MGL Board 57
- 4.6 Management of Macquarie Groups businesses 58
- 4.7 Financial information about the Macquarie Group 58
- 5. Investment risks 65
- 5.1 Risks associated with investing in MCN7 65
- 5.2 Risks associated with MGL and the Macquarie Group 74
- 6. Taxation summary 87
- 6.1 Summary of Australian tax consequences for MCN7 Holders 87
- 6.2 Summary of tax consequences for Eligible MCN3 Holders who participate in the Reinvestment Offer 90
- 7. Additional information 93
- 7.1 Trust Deed 93
- 7.2 Offer Management Agreement OMA 96
- 7.3 Summary of rights attaching to Ordinary Shares 97
- 7.4 Interests and benefits of MGLs Directors 98
- 7.5 Consents to be named 103
- 7.6 Interests and benefits of advisers 103
- 7.7 Expenses of the Offer 104
- 7.8 ASX and ASIC relief 104
- 7.9 Foreign selling restrictions 104
- 7.10 Acknowledgements 105
- 7.11 Directors consent to lodgement 106
- 8. How to apply 108
- 8.1 The Offer 108
- 8.2 MCN7 Target Market 108
- 8.3 Structure of the Offer 108
- 8.4 Obtaining a Prospectus 108
- 8.5 Applying for MCN7 109
- 8.6 Bookbuild and allocation policy 110
- 8.7 Other information 110
- 8.8 Privacy statement 112
- 8.9 Trustee Privacy Policy 113
- 8.10 Enquiries 113
- A1. Terms and Conditions of the MCN7 115
- 1. Form and ranking 115
- 2. Distributions 116
- 3. Scheduled Mandatory Exchange 118
- 4. Non-Viability Event Exchange 119
- 5. Optional Exchange 121
- 6. Acquisition Event Exchange 122
- 7. Optional Redemption 123
- 8. Resale 124
- 9. Exchange Mechanics 125
- 10. Acknowledgements and appointments 130
- 11. Payments to Holders 132
- 12. Title and transfer of MCN7 134
- 13. Notices and other communications 135
- 14. Amendment of Terms 136
- 15. General provisions 138
- 16. Winding Up 139
- 17. Governing law jurisdiction and service of documents 140
- 18. Interpretation and definitions 140
- A2. Glossary 150
- Corporate directory 161
