Background

Monash Absolute Investment Company Limited (ASX Code: MA1) announced on 13th July 2018 that it  is conducting a simultaneous Off Market Equal Access Buy back and Share Purchase Plan (the Arrangement). The company has a strong NTA performance for the financial year to June 2018, and at the same time it is lightly traded and this lack of liquidity becoming an issue. Over the past 12 months the MA1 shares have also traded an average of 15% discount to pre-tax NTA.

This Arrangement offers shareholders a number of benefits. It provides certainty, a 5% discount vs the current larger on market discount, and allows for larger transactions without market impact. It also has the advantages of being low cost, it need not shrink the size of the Company, and subject to market conditions, will be an ongoing arrangement not a “one off.”

To view current MA1 share price and ASX Announcements Click here

Key Documents

To download the Equal Access Buy Back Offer Letter Click Here

To download the Equal Access Share Buy Back Explanatory Statement Click Here

To download the Equal Access Share Buy Back Issuer Sponsored Form Click Here

To download the Equal Access Share Buy Back CHESS Form Click Here

To download the Share Purchase Plan (SPP) Terms and Conditions booklet Click Here

To download the SPP Application Form Click Here

Key Dates:

Buy Back

Record DateFriday 3 August 2018
Open DateWednesday 8 August 2018
Buy Back Price DateFriday 31 August 2018
Close DateFriday 7 September 2018
Buy Back DateWednesday 12 September 2018
Payment DateWednesday 17 September 2018

Share Purchase Plan

Record DateTuesday 19 June 2018
Open DateWednesday 8 August 2018
Issue Price DateFriday 31 August 2018
Offer ClosesFriday 7 September 2018
Allotment of New SharesFriday 14 September 2018
Dispatch of allotment confirmations and refunds if applicableFriday 14 September 2018

Shareholder Enquiries

For Shareholder enquiries, please contact the Share Registry Boardroom Limited on Ph: 1300 767 760 (in Australia) or Ph: + 61 2 9290 9600 (International) or by email at enquiries@boardroomlimited.com.au

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