Document ID: chunk:federal_register_of_legislation:F2016L00334:body:0:p8
Version: federal_register_of_legislation:F2016L00334
Segment Type: other
Provision Reference: 
Character Range: 17749–20448

offer to be made to the holder (other than a holder with a registered address in a place outside Australia or New Zealand to whom the issuer decides that it is unreasonable to offer the relevant product);
                  (ii)  each holder:
                     (A) to whom the issuer is required to make an offer under the convertible terms; and
                     (B) with a registered address in a place outside Australia or New Zealand and to whom the issuer decides offers will be made,
                  is made such an offer; and
                  (iii) the number of products offered to each holder is no greater than the number of products that would have been required to be offered to the holder if all of those convertible products had been converted into products in the class being offered under the rights issue immediately before the date (the record date) on which a person needs to be recorded on the register of members in order to receive an offer under that issue.
           (14) For the purposes of paragraph (13)(a), a reference to accepting an offer of products includes a reference to making an application for the products.
           (15) For the purposes of paragraph (13)(b), if under the convertible terms the price at which the products are traded on a prescribed financial market is relevant to determining the number of products that are to be issued on the conversion of the convertible product, then the number is to be determined by reference to the price at which the products were traded:
              (a) where under the convertible terms the relevant price is to be determined by reference to trading over a period of time—over the period ending on the record date; or
              (b) where under the convertible terms the relevant price is the price at a particular time—as at that time on the record date.
           (16) For the purposes of this section, if under the terms on which a financial product (the component product) is traded on a prescribed financial market it can only be transferred together with one or more securities or other financial products (together the stapled security) then:
              (a) the component product is taken to be in a class of quoted securities that is different from any other class of quoted securities it is in, or is taken to be in, when at any other time it is able to be transferred on that market by itself or as part of a different stapled security; and
              (b) trading in the class of quoted securities that the component product is taken to be in on the market is taken to be suspended when trading in the class of stapled securities on the market is suspended.".

8 Sale offer of quoted