What happens on the Expiry Date? (ORBITS)
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Between 20 and 30 Business Days before the Expiry Date, the Issuer will notify Investors of the upcoming expiry by sending them an Expiry Notice. Subject to no occurrence of any Settlement Disruption Event, Investors will receive physical delivery of the Deliverable Parcel no later than 20 Business Days after the Expiry Date. Investors may elect to use the Share Sale Facility. Please note that costs and taxes will be deducted from the Sale Price before payment of the Sale Price. Whether it is appropriate to elect to use the Share Sale Facility depends on the Investor's own personal and financial circumstances. Therefore, you should consult your financial adviser in this regard. If an Investor wishes to use the Share Sale Facility, they must return the Completion Notice to the Issuer by no later than the Closing Time on the Expiry Date. If the Investor does not return a valid Completion Notice within the specified time, the Issuer will physically deliver the Deliverable Parcel. (Refer to 'Terms and Conditions, Nominee Deed and Share Sale Facility' on page 60). |
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