Offer closed

Medibank Private Share Offer 

Read more about IPOs and placements with CMC Markets Stockbroking

Medibank Private Share Offer finalised

Details of the Medibank Private Share Offer have been released on the Medibank Private Share Offer website where you will also be able to see your allocation from Tuesday, 25 November 2014. Trading of MPL begins on a conditional and deferred settlement basis at 12pm, Tuesday 25 November. Selling shares allocated in the IPO will not available online during conditional trading, but we can offer it over the phone at the applicable phone brokerage rates. We anticipate full online trading of MPL will be available once the stock is issued next week.

Additional links

The Medibank Private General Public Share Offer is open until Friday, 14 November 2014.

You can apply online in the General Public Offer if you have:

  1. Pre-registered your interest, or
  2. Did not pre-register, or
  3. Applied under the CMC Markets Stockbroking Broker Firm Offer but also want to apply for additional shares in the General Public Offer or have been notified you will not receive any shares due to the significant scale back.

Applications can be made online or by using the relevant form included in the prospectus. We recommend the online application process which can completed in less than 5 minutes. See instructions below for both methods.

Important hints for completing the online application

Starting the online application

On the Medibank Private Share Offer Site you will be asked to confirm your location before being able to view the prospectus. Once you have the prospectus open, click the red “Apply Now” button to launch the online application form.

Application Reference Number (ARN)

If you pre-registered, requested a prospectus or registered to receive updates on the Offer and do not know your ARN, please call the Medibank Private Share Offer Information Line on 1800 998 778 to retrieve your ARN.

Broker or Financial Advisor Section

If you are a client of CMC Markets Stockbroking or one of our partner firms, select “CMC Markets Stockbroking Limited” from the list of brokers, and enter your 6 digit Trading Account number:

CMC Markets

Broker Firm Allocation

The Broker Firm Offer has now closed, so for this question select “No, I would like to make this Application under the General Public Offer”

CMC Markets

CHESS Participant Holder Identification Number (HIN)

If your account is CHESS sponsored with CMC Markets Stockbroking, you can find your HIN on any CHESS statements or on the Profit & Loss page on the trading platform:

CMC Markets

Payment Method

You can pay for your application online using BPAY or by direct debit from your bank. Please note – the CMC Markets Cash Account, held with Bankwest cannot be used for direct debit payments. Do not use this as your bank account as your application will not be processed.

Note: The above dates are indicative only. All times are references to AEDT, except where stated otherwise. The Commonwealth, in consultation with the JLMs and its Advisers, reserves the right to vary the dates and times of the Offer, which includes closing the Offer early, extending the close of the Offer, or accepting late Applications, either generally or in particular cases, without notifying any recipients of the Prospectus or any applicants. Investors are encouraged to submit their Applications as soon as possible after the Offer opens. See Section 7 of the Prospectus for more information.

The size of any share allocation you receive under the Broker Firm Offer will be determined by the broker. As such, you may wish to apply for shares under the Broker Firm Offer, the General Public Offer, the Policyholder Offer or Employee offer if eligibility is met.


Important hints for completing the paper application

If you prefer to complete a paper application, please forward it, to us at the address below. Ensure there are sufficient cleared funds in your trading account, or you can enclose a cheque. Ensure you allow plenty of time if applying in this way, as we will not be responsible for any mail delays which might impact your application. We recommend you ensure your application reaches us by Friday, 7 November 2014.

Send your forms and payment to:

Email ipo@cmcmarkets.com.au
Fax: (02) 9221 9365
Post: Medibank IPO
C/- CMC Markets Stockbroking
GPO Box 5351
Sydney, NSW 2001

Note: The above dates are indicative only. All times are references to AEDT, except where stated otherwise. The Commonwealth, in consultation with the JLMs and its Advisers, reserves the right to vary the dates and times of the Offer, which includes closing the Offer early, extending the close of the Offer, or accepting late Applications, either generally or in particular cases, without notifying any recipients of the Prospectus or any applicants. Investors are encouraged to submit their Applications as soon as possible after the Offer opens. See Section 7 of the Prospectus for more information.

The size of any share allocation you receive under the Broker Firm Offer will be determined by the broker. As such, you may wish to apply for shares under the Broker Firm Offer, the General Public Offer, the Policyholder Offer or Employee offer if eligibility is met.


Important dates - General Public Offer

Medibank Private Share Offer finalised

Details of the Medibank Private Share Offer have been released on the Medibank Private Share Offer website where you will also be able to see your allocation from Tuesday, 25 November 2014. Trading of MPL begins on a conditional and deferred settlement basis at 12pm, Tuesday 25 November. Selling shares allocated in the IPO will not available online during conditional trading, but we can offer it over the phone at the applicable phone brokerage rates. We anticipate full online trading of MPL will be available once the stock is issued next week.

Important dates
Record Date for Policyholder Offer and Employee Offer 11.59 pm (AEST) 27 September 2014
Retail Offer open 28 October 2014
Retail Offer closes and Applications due by 11.59 pm (AEDT) 14 November 2014
Final pricing and basis of allocation announced 25 November 2014
Expected commencement of trading on the ASX (on a conditional and deferred settlement basis) 25 November 2014
Settlement of the Offer 28 November 2014
Transfer of Shares under the Offer (trading on an unconditional and deferred settlement basis commences) 1 December 2014
Expected dispatch of transaction confirmation statements 4 December 2014
Shares expected to begin trading on a normal settlement basis 5 December 2014
First settlement date of all ASX trades 10 December 2014
Expected first dividend payment September 2015

Note: The above dates are indicative only. All times are references to AEDT, except where stated otherwise. The Commonwealth, in consultation with the JLMs and its Advisers, reserves the right to vary the dates and times of the Offer, which includes closing the Offer early, extending the close of the Offer, or accepting late Applications, either generally or in particular cases, without notifying any recipients of the Prospectus or any applicants. Investors are encouraged to submit their Applications as soon as possible after the Offer opens. See Section 7 of the Prospectus for more information.

The size of any share allocation you receive under the Broker Firm Offer will be determined by the broker. As such, you may wish to apply for shares under the Broker Firm Offer, the General Public Offer, the Policyholder Offer or Employee offer if eligibility is met.


FAQs - General Public Offer

What is the minimum parcel size?

The minimum application amount is $2,000 and in multiples of $100 thereafter.

How much will it cost per share?

The Retail Price is expected to be announced, together with the basis of allocation on Tuesday, 25 November 2014.

Applicants under the Retail Offer will pay the Retail Price which will be the lower of the Retail Price Cap of $2.00 per share and the Final Price.

The Final Price will be determined at the conclusion of the Bookbuild and may be set at a price below, within or above the Indicative Price Range of $1.55 and $2.00 per share.

The Retail Price will only apply to the first $250,000 worth of shares (rounded down to the nearest share) allocated to applicants under the Retail Offer. If applicants are allocated shares above $250,000, the applicant will pay the Final Price for those shares above $250,000.

What happens if I pre-registered?

Pre-registrants can receive a pre-registration benefit as set out in section 7.4.3 of the Prospectus if they apply for shares under the Policyholder Offer or General Public Offer, using their assigned application reference number.

I applied through CMC Markets Broker Firm Offer but have recently been advised I will not receive any shares. Will I now be disadvantaged when applying in the General Offer?

No, there is no disadvantage whatsoever. You can still apply in the General offer regardless of whether you pre-registered or not.

Lost your ARN (Application Reference Number)?

If you pre-registered, requested a prospectus or registered to receive updates on the Offer and do not know your ARN, please call the Medibank Private Share Offer Information Line on 1800 998 778 to retrieve your ARN. If you have been issued with an ARN, you must provide your ARN when applying for shares in order to receive the allocation preference associated with Policyholder Offer Applications and the allocation preference associated with pre-registration if you pre-registered. The allocation preference available to Policyholder Offer Applications is only available to one application for each PHI policy issued under either the Medibank or ahm brands on the Record Date.

When will the shares be quoted?

No later than 7 days after the Prospectus Date for admission. The expected code for trading on the ASX will be MPL.

I have a CFD account with CMC Markets can I still register?

Yes, you will need to open an account with CMC Markets Stockbroking however, we may be able to fast track your application.

I have never bought shares before but want to participate in Medibank Private Share Offer?

You can open an account with CMC Markets Stockbroking in less than 5 minutes. Once your account is opened, you can apply for the Medibank Private Share Offer here.

Can I apply for shares in the Medibank Private Share Offer through my margin loan?

Yes, however please ensure you have sufficient available funds in your margin loan to make the purchase. Remember to select CMC Markets Stockbroking as your nominated broker whilst including your HIN number with your margin lender. Please then forward the Bpay Instructions at the end of the application form to your margin lender for onward payment to the Medibank Private Share registry. Please ensure you provide sufficient contact details (client ref / margin loan account number / telephone) in the event your margin lender needs to contact you.

I’d like to know more about using a Margin Loan to purchase securities in IPOs such as the Medibank Private Share Offer?

CMC Markets Stockbroking is not licensed to provide you with margin lending related services or advice however, if you are interested in establishing a margin loan that is integrated with our platform please contact Leveraged Equities on 02 8282 8330 or email Chirag.Talati@bendigoadelaide.com.au.

I don’t want to apply online. Can I complete a paper-based form?

If you prefer to complete a paper application, please forward it, to us at the address below. Ensure there are sufficient cleared funds in your trading account, or you can enclose a cheque. Ensure you allow plenty of time if applying in this way, as we will not be responsible for any mail delays which might impact your application. We recommend you ensure your application reaches us by Friday, 7 November 2014.

Email: ipo@cmcmarkets.com.au
Fax: (02) 9221 9365
Post: Medibank IPO
C/- CMC Markets Stockbroking
GPO Box 5351
Sydney, NSW 2001

Note: The above dates are indicative only. All times are references to AEDT, except where stated otherwise. The Commonwealth, in consultation with the JLMs and its Advisers, reserves the right to vary the dates and times of the Offer, which includes closing the Offer early, extending the close of the Offer, or accepting late Applications, either generally or in particular cases, without notifying any recipients of the Prospectus or any applicants. Investors are encouraged to submit their Applications as soon as possible after the Offer opens. See Section 7 of the Prospectus for more information.

The size of any share allocation you receive under the Broker Firm Offer will be determined by the broker. As such, you may wish to apply for shares under the Broker Firm Offer, the General Public Offer, the Policyholder Offer or Employee offer if eligibility is met.


FAQs - Broker Firm Offer

How do I apply for the Broker Firm Offer?

The Broker Firm Offer is now closed and no further applications will be accepted.

I applied through the CMC Markets Stockbroking Broker Firm Offer and have been notified I will not receive an allocation.

Unfortunately we have been advised by the Commonwealth’s advisers that our Broker Firm allocation has been significantly scaled back due to the exceptionally strong level of demand for Medibank Private shares during this phase of the Offer.

You can however still apply under the General Public Share Offer which is open until Friday, 14 November 2014.

Click here for important hints when completing the application. If you have any questions, please call the dealing desk on 1300 136 323 or ipo@cmcmarkets.com.au

I have already applied for the Broker Firm Offer. Can I still apply for the General Public Offer?

Yes you can apply through both the broker firm and the General Public Offer.

How can I amend or cancel my application?

We will no longer accept any amendments to applications, once an allocation has been distributed to your account, you can no longer cancel your application.

Will all clients who applied for the Broker Firm Offer receive shares?

The response to the Broker Firm Offer has been extraordinary. While we would like to secure shares for all applicants, we cannot guarantee that all applicants will be able to secure shares through this offer, but will let all clients know before the General Public Offer has closed. If you miss out on the Broker Firm Offer you can still apply through the General Public Offer.

When will Broker Firm Offer shares be distributed?

CMC Markets Stockbroking should receive notice of our firm allocation on Friday, 31 October 2014. From Monday, 3 November we will determine how the allocation will be distributed amongst our clients.

When will I need to pay for the Broker Firm Offer?

When will I need to pay for the Broker Firm Offer?

How will I know if I was allocated shares in the Broker Firm Offer?

If you receive an entitlement in the Broker Firm Offer, you will receive an IPO Trade Confirmation outlining the amount you have been allocated. This will be issued for the code MPLZZ, which is a temporary code representing an “Allocation Interest” where one allocation interest is equivalent to one dollar of Broker Firm Allocation. When the Medibank shares are finally issued, the allocation interests will be converted to Medibank shares at the final retail price.

How will I know if I was not allocated any shares in the Broker Firm Offer?

We will email all applicants as soon as we know the outcome of their application, whether they received all, some, or none of their application amount.

What is the Commonwealth Government Clawback and how does that impact my allocation?

The Commonwealth retains the ability to clawback Broker Firm Allocations by up to 20% following completion of the bookbuild process. The amount of any clawback will be applied on a pro-rata basis to all successful Broker Firm Offer applicants. All applicants affected by the clawback will receive a refund either to their bank account or by a cheque payable to the registered address of the applicant.

If applied, an example of how the clawback will be applied to each Broker Firm Offer Allocation is as follows:

  • Allocation value (post scale-back) of $50,000.00 = 50,000 allocation interests
  • Maximum clawback percentage = 20%
  • Final allocation value range = $40,000.00 to $50,000.00
  • Retail Price set at $2.05 (for example purposes only)
  • Allocation range of 19,512 to 24,390 shares
  • Allocation interests will be recalculated by Computershare to reflect the clawback (if applicable) and Retail Price

Note: The above dates are indicative only. All times are references to AEDT, except where stated otherwise. The Commonwealth, in consultation with the JLMs and its Advisers, reserves the right to vary the dates and times of the Offer, which includes closing the Offer early, extending the close of the Offer, or accepting late Applications, either generally or in particular cases, without notifying any recipients of the Prospectus or any applicants. Investors are encouraged to submit their Applications as soon as possible after the Offer opens. See Section 7 of the Prospectus for more information.

The size of any share allocation you receive under the Broker Firm Offer will be determined by the broker. As such, you may wish to apply for shares under the Broker Firm Offer, the General Public Offer, the Policyholder Offer or Employee offer if eligibility is met.


Disclaimer

The above information has been extracted from multiple sources including the issuing company's website - https://www.medibank.com.au/about/investor-centre/ and the prospectus.

CMC Markets does not endorse any material, recommendations, commentary, analysis, trade suggestions or external research discussed or distributed by or on behalf of any external Company or provider and does not accept any responsibility for any claims, liability, loss or damage arising out of or in connection with any external Company or provider. The information contained in this website and offer document does not constitute personal financial advice. We recommend you review all disclosure material and seek your own independent legal, taxation or investment advice as appropriate before making an investment decision. CMC Markets Stockbroking is not licensed to provide you with margin lending related services or advice.

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