Sirtex Cover.proof 11 - School of Educators

3Section
8
Information Summary
If the Shares are not admitted for
quotation within three months after the date
of this Prospectus, any issue of Shares under
this Prospectus will be void and the
Company will return all application monies
as soon as practicable. Interest will not be
paid on any application monies refunded.
Clearing House Electronic
Subregister System (CHESS)
The Company will apply to the ASX to
participate in the Securities Clearing House
Electronic Subregister System, known as
CHESS. Under CHESS, the Company will
not be issuing share certificates to investors.
Instead, investors will receive a statement
(similar to a bank account statement) that
sets out the number of Shares allotted to
each of them under this Prospectus. The
notice will also advise holders of their
Holder Identification Number and explain,
for future reference, the sale and purchase
procedures under CHESS. Further monthly
statements will be provided to holders which
reflect any changes in their shareholding in
the Company during that month.
Underwriting
The Offer is fully underwritten by
KTM Capital. KTM Capital is entitled to an
underwriting commission of 4.5% of the
underwritten amount of $15.0 million,
being $742,500 (including GST), and a
management fee of $75,000. Details of the
underwriting agreement, including the
circumstances in which the Underwriter
may terminate its obligations, are set out
in Section 10.
Overseas Investors
It is the responsibility of investors to obtain
all necessary approvals for the subscription
for Shares under this Prospectus. This
Prospectus does not constitute an offer in
any place in which, or to any person to
whom, it would not be lawful to make
an offer.