Retail Entitlement Offer - Documents Mailed to ... - AWB Limited

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If you have multiple holdings you will have multiple BPAY customer reference numbers. To ensure you successfullytake up your Entitlement in respect of each holding, you must use the customer reference number shown on eachpersonalised Entitlement and Acceptance Form when paying for any New Shares that you wish to apply for in respectof those holdings.You should be aware that your financial institution may implement earlier cut-off times with regard to electronicpayment and you should therefore take this into consideration when making your payment. Please note that themaximum amount that can be received by BPAY is A$1 million. You may also have your own limit on the amount thatcan be paid via BPAY. It is your responsibility to check that the amount you wish to pay via BPAY does not exceed yourlimit.If the amount of Application Monies received is insufficient to pay in full for the number of New Shares you applied for, oris more than the number of New Shares you applied for, you will be taken to have applied for such whole number of NewShares which is covered in full by your Application Monies received, up to your full Entitlement. Alternatively, AWB may inits discretion reject your Application, in which case any Application Monies will be refunded to you after the allotment datein accordance with the Corporations Act, without interest.If you apply for additional New Shares in excess of your Entitlement and you are not allocated all or some of the additionalNew Shares applied for, the relevant Application Monies will be refunded to you as soon as practicable after the allotmentdate in accordance with the Corporations Act, without interest. Refunds will be made by direct credit to your nominatedbank account as at the allotment date, or, if no bank account is nominated, by cheque.2.4 Implications of making an ApplicationReturning a completed Entitlement and Acceptance Form or paying any Application Monies for New Shares via BPAY will betaken to constitute a representation by you that you:1 have received a copy of this Retail Information Booklet accompanying the Entitlement and Acceptance Form, and readthem in their entirety;2 make the Eligible Retail Shareholder declarations set out at page 59 (inside back cover of this Retail InformationBooklet); and3 acknowledge that once the Entitlement and Acceptance Form is returned, or a BPAY payment instruction is given inrelation to any Application Monies, the Application may not be varied or withdrawn except as required by law.2.5 If you do nothingIf you are an Eligible Retail Shareholder and you do nothing, then New Shares representing your Entitlement will beoffered to Eligible Retail Shareholders who apply for additional New Shares in excess of their Entitlement. If there is notsufficient demand for New Shares from Eligible Retail Shareholders who applied for additional New Shares in excess of theirEntitlement, the Retail Entitlement Offer will effectively lapse in respect of those Shares and those Shares will be dealt with inaccordance with the Underwriting Agreement.You should also note that, if you do not take up any of your Entitlement, then your percentage shareholding in AWB will bediluted. If you participate in the Retail Entitlement Offer in respect of some or all of your Entitlement, you will (as a result ofthe Institutional Placement) see your percentage shareholding in AWB reduce, but to a lesser extent. By applying for, andbeing allotted, a sufficient number of New Shares in addition to your Entitlement, you may see your percentage shareholdingin AWB stay the same or increase.2.6 EnquiriesThis Retail Information Booklet and the accompanying Entitlement and Acceptance Form are important and require yourimmediate attention. You should read them in their entirety. If you are in doubt as to the course you should follow you shouldconsult your stockbroker, accountant, solicitor or other independent professional adviser.If you:• have questions in relation to the Existing Shares upon which your Entitlement has been calculated;• have questions about how to complete the Entitlement and Acceptance Form or take up your Entitlement; or• have lost your Entitlement and Acceptance Form and would like a replacement form,please call the AWB Shareholder Information Line on 1300 514 715 (within Australia) or on +61 3 9415 4393 (from outsideAustralia) from 8.30am to 5.00pm (Melbourne time) Monday to Friday at any time during the Entitlement Offer Period.11
Section 3 - TaxationSet out below are the general Australian income tax implications in respect of the Entitlement Offer for Australian residentindividual Shareholders that hold their Shares on capital account. It does not apply to Shareholders that hold their Shares(either Existing or New) on revenue account or as trading stock, nor does it apply to non-resident Shareholders.This summary has been prepared for general circulation and does not take into account the objectives, tax position, financialsituation or needs of any investor. Accordingly, any investor should, before acting on this material, seek independentprofessional tax advice.This summary is based on the relevant Australian income tax legislation and established interpretations as at the date of thisRetail Information Booklet.3.1 Taxation of Entitlement Offer3.1.1 Issue of EntitlementsThe issue of Entitlements should not give rise to any income tax implications for Shareholders.3.1.2 Exercise of EntitlementsThe exercise by Eligible Shareholders of their Entitlements to acquire New Shares under the Entitlement Offer should notresult in any capital gain or capital loss being recognised for Capital Gains Tax (CGT) purposes. Further, Shareholders shouldnot derive assessable income from the exercise of the Entitlement.3.1.2 Expiration or Lapse of EntitlementsIf a Shareholder does not exercise their Entitlement to acquire New Shares under the Entitlement Offer, and instead allowsthose rights to lapse or expire, that Shareholder will not receive any consideration as a result of the expiration or lapse oftheir Entitlements, and on this basis, there should not be any income tax (including CGT) implications for the Shareholder. .3.1.3 Holding and Disposing of New SharesWhere Shareholders take up their Entitlements and acquire New Shares when determining the tax consequences arising fromholding or disposing of those New Shares:• The New Shares should be treated for CGT purposes as having been acquired on the day on which the New Shares areissued to the Shareholder; and• The CGT cost base of the New Shares should be equal to the Issue Price paid for the acquisition of the New Shares asoutlined in this Retail Information Booklet.3.2 GSTThe issue of Entitlements and New Shares is not subject to GST.12
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