SPS Prospectus - Important Notice
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Before downloading, printing or viewing the Prospectus and Application
Form, you must carefully read the terms set out in this Notice. By
clicking on 'I Agree' at the bottom of this page, you acknowledge that
you have read and accepted the terms set out in this Notice. The information
on this page is not part of the SPS Prospectus.
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PROSPECTUS
The Prospectus contains information about investing in SPS, which
stands for Step Up Preference Shares. SPS will be issued by Adelaide
Bank Limited (Adelaide Bank).
Potential investors should seek professional guidance from their
stockbroker, solicitor, accountant or other professional advisor before
deciding whether to invest in SPS.
Nothing contained on this web site or in the Prospectus constitutes
financial product advice and the information has been prepared without
taking into account your investment objectives, financial situation
or particular needs. It is important that you read this Prospectus
in its entirety before deciding whether to invest in SPS and consider
the risk factors that could affect the performance of SPS or Adelaide
Bank.
A copy of the Prospectus accessible on this web site has been lodged
with the Australian Securities and Investments Commission (ASIC). The
Prospectus is dated 26 August 2004 and was lodged on that date. Application
Forms will be available from the Opening Date (scheduled to be 3 September
2004).
OFFER OPEN TO AUSTRALIAN RESIDENTS ONLY
The offer of the SPS is available to Australian residents receiving
the Prospectus in Australia. Due to regulatory requirements, the invitation
to apply for SPS is not extended to investors (including Adelaide Bank
Ordinary Shareholders, Reset Preference Shareholders and noteholders)
located or resident outside Australia, other than certain institutional
investors outside Australia at the discretion of Adelaide Bank and
the Joint Lead Managers, and in compliance with applicable laws in
the relevant jurisdictions.
The offer is available to persons receiving this Prospectus within
Australia. No action will be taken to register the Prospectus or otherwise
permit a public offering of the SPS in any jurisdiction outside Australia.
The Prospectus does not constitute an offer of securities in any jurisdiction
where, or to any person to whom, it would be unlawful to make such
an offer. In particular, the SPS have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or
sold within the United States.
Investors wishing to apply for SPS will need to complete the Application
Form that will be in, or will accompany, the Prospectus once the offer
opens. To meet the requirements of the Corporations Act, the Application
Form must not be handed on unless attached to, or accompanied by, the
Prospectus. An electronic copy of the Prospectus is available by clicking
on the link below (the Application Form will not be available until
the offer opens on 3 September 2004).
Please note if you are applying for a firm allocation through a
broker, you may only apply after reading the Prospectus but you should
follow any instructions from the broker regarding the manner of application.
There is a preferential allocation for eligible Adelaide Bank shareholders
and noteholders – see Section 2.4 of the Prospectus.
Under the Corporations Act, Adelaide Bank is prohibited from processing
applications for seven days after lodgment of the Prospectus with ASIC
and this period may be extended by up to a further seven days. This
period is an exposure period to allow the Prospectus to be examined
by market participants prior to the offer opening. During the exposure
period, no Application Form will be available with the Prospectus and
no SPS will be offered on the basis of this Prospectus. SPS will only
be issued on the basis of an Application Form, which will be issued
in conjunction with the Prospectus once the offer opens.
You should only rely on the Prospectus if you are satisfied that
you have access to the entire document. A paper version of this Prospectus
will be provided free of charge on request during the offer period
by calling 1800 003 940. Please ensure you read this Prospectus in
full before deciding to invest.
INSTRUCTIONS
Subject to the terms contained in this notice, an electronic copy
of the Prospectus may be viewed or downloaded by following the instructions
set out below.
The full Prospectus has 50 pages. The electronic copy of the full
Prospectus is in Adobe Portable Document Format (PDF). The size of
the full Prospectus is 1,339kb. You should ensure that any copy you
view or print is complete. To the extent permitted by law, Adelaide
Bank is not liable for any loss incurred from accessing or downloading
the Prospectus from this web site, including but not limited to data
corruption on download.
To agree to the terms contained in this notice, and to proceed to
the Prospectus, click the 'I Agree' button below.
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