Notification of buy-back
Announcement Summary
For personal use only
Name of entity
CLEARVIEW WEALTH LIMITED
Announcement type
Update announcement
Type of update
Final buy-back notification
Date of this announcement 6/4/2022
Reason for update
Final buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
CVW : ORDINARY FULLY PAID
The type of buy-back is:Selective buy-back
Total number of +securities bought back 6,671,737
Total consideration paid or payable for the securities 6,156,501.84000
Refer to next page for full details of the announcement
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Notification of buy-backPart 1 - Entity and announcement details
For personal use only
1.1 Name of entity CLEARVIEW WEALTH LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2 Registration number type ABN
1.3 ASX issuer code CVW
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Final buy-back notification
1.4b Reason for update
Final buy-back notification
Registration number 83106248248
1.4c Date of initial notification of buy-back 12/11/2021
1.4d Date of previous announcement to this update 12/11/2021
1.5 Date of this announcement 6/4/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back CVW : ORDINARY FULLY PAID
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Part 2 - Type of buy-back
2.1 The type of buy-back is:
Selective buy-back
For personal use only
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Part 3 - Buy-back details
For personal use only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of +securities to be bought back 669,253,110
3A.2 Total number of +securities proposed to be bought back 17,290,505
3A.3 Name of person or description of class of persons whose +securities are proposed to be bought back Under the Executive Share Plan (ESP), the Company is conducting a selective buy back from certain contractor participants (Eligible Contractors) who were issued shares under the ESP, subject to certain vesting conditions or performance conditions which have not been satisfied within the time specified or have become incapable of being satisfied.
3A.9 Are the +securities being bought back for a cash consideration?
No
3A.9b Please describe the consideration being provided to buy back the +securities
The consideration is the lower of the aggregate price paid by the relevant Eligible Contractor to acquire the individual parcel of ESP shares and the total amount owing by the Eligible Contractor in relation to the associated loan facility.
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
Yes
3B.1a Type of security holder approval required
Special resolution
3B.1b Anticipated date of security holder meeting to approve the buy-back 11/11/2021
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Notification of buy-back
3B.2 Are there any restrictions on foreign participation in the buy-back
No
For personal use only
3B.3 Are there any other conditions that need to be satisfied before the buy-back offer becomes unconditional?
No
Part 3C - Key dates
Employee Share Scheme, Selective and Other Buy-Backs
3C.1 Anticipated date buy-back will occur 1/4/2022
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
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ClearView Wealth Limited published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2022 06:51:03 UTC.