Cimic takeover

[Kartika]

How do I dispose of my CIMIC holding in IG Markets? The only options available are for SRN and HIN holders.

[ArvinIG]

14 hours ago, Kartika said:

How do I dispose of my CIMIC holding in IG Markets? The only options available are for SRN and HIN holders.

HI @Kartika,

I believe that CIMIC Group Ltd is undergoing a corporate action. Please check if you received an email from the corporate action team. You will need to reply directly to that email.

"HOCHTIEF AUSTRALIA HOLDINGS LIMITED (HOCHTIEF) ANNOUNCES ITS INTENTION TO MAKE AN UNCONDITIONAL AND FINAL OFF MARKET TAKEOVER OFFER TO ACQUIRE EACH CIMIC SHARE HELD BY CIMIC SHAREHOLDERS FOR AUD 22 CASH PER SHARE."

Thank you - Arvin

[plonks]

Hi @ArvinIG

Is there any further update on the CIMIC compulsory acquisition? i.e. when will the settlement occur? do i need to do anything?

Thanks

Edited July 8, 2022 by plonks

[ArvinIG]

51 minutes ago, plonks said:

Hi @ArvinIG

Is there any further update on the CIMIC compulsory acquisition? i.e. when will the settlement occur? do i need to do anything?

Thanks

Hi @plonks,

I am following up with the Corporate Action for an answer.

Thank you - Arvin

[ArvinIG]

On 08/07/2022 at 11:40, plonks said:

Hi @ArvinIG

Is there any further update on the CIMIC compulsory acquisition? i.e. when will the settlement occur? do i need to do anything?

Thanks

Hi @plonks,

The Corporate action advised that there is nothing you need to do on your end. IG is waiting for the broker to credit the funds for IG to process the event.

Thank you - Arvin