Oct 30, 2015 - ANZPF. Australia and New Zealand Banking Group Limited. Cap Note 6-Bbsw+3.60% Perp Non-Cum Red T-03-23. 0
Hybrids Monthly Update - October 2015 Month:
Oct-15
Trading days:
22
Period ending: Friday, 30 October 2015
Australian Yield Curve
S&P/ASX 200 Accumulation
3.50 3.30
%
S&P/ASX Australian Fixed Interest S&P/ASX Government Bond
163 30-Oct-15 153
30-Sep-15
3.10
31-Oct-14
2.90
31-Oct-12
S&P/ASX Indices (rebased to 100)
143
2.70
133
2.50
123
2.30
113
2.10 103 1.90 93
1.70 1.50
Sep-15
Jan-15
May-15
Sep-14
Jan-14
May-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
May-11
GOVT10Y
GOVT5Y
GOVT3Y
BBSW6M
BBSW5M
BBSW4M
BBSW3M
BBSW2M
BBSW1M
CASH
83
13.00%
Market Comparison
LKOG
11.00% MYBG SKSG AZZG PPCG
9.00%
AYIG CGNG Hybrid Convertible
Coupon
NMGG 7.00% NFNG AFIG
KBLGA IANG
5.00%
3.00%
Apr-39
Aug-37
Dec-35
May-34
Sep-32
Jan-31
Jun-29
Oct-27
Feb-26
Jul-24
Nov-22
Mar-21
Jul-19
Dec-17
Apr-16
Aug-14
-1.00%
Dec-12
1.00%
Maturity / Conversion / Reset Date
Snapshot by Category Segment
Number listed
Market Cap $b
Trades Total (#)
Trades per day (#)
29.0
18,683
849
Value Volume (#) 4,252,130
$m 361.1
Hybrids - Preference Shares
38
Hyrbrids - Convertibles
13
1.1
626
28
521,092
10.7
TOTAL
51
30.19
19,309
878
4,773,222
371.8
Size ($m)
Type
Listing Date
Issue Price
Maturity / Conv / Reset
Interest Rate / Dividend
Distribution Payable
Last Price
1,324.4
Hybrid - Preference Shares
09-Sep-2015
$100.00
n/a
n/a
$99.29
5.0
Hybrid - Preference Shares
22-Jun-2015
$1.00
n/a
n/a
$1.01
282.2
Hybrid - Preference Shares
16-Jun-2015
$100.00
n/a
n/a
$99.45
Recent Listings Entity
ASX Code
Westpac Banking Corporation WBCPF Keybridge Capital Limited
KBCPA
Bendigo and Adelaide Bank Limited BENPF Lakes Oil NL
LKOGA
National Australia Bank Limited NABPC
3.8
Hybrid - Convertible
21-Apr-2015
$10.00
31-Mar-2017
Semi-Annual
$8.00
1,342.8
Hybrid - Preference Shares
23-Mar-2015
$100.00
n/a
n/a
$96.80
Hybrid - Preference Shares
06-Mar-2015
$100.00
n/a
n/a
$95.99
Hybrid - Convertible
22-Jan-2015
$1.00
29-Jan-2020
Semi-Annual
$0.99
Australia and New Zealand Banking ANZPF Group 970.2 Limited Cml Group Limited
CGRG
10.4
*BBSW = Bank Bill Swap Rate #
As of the date of this report this security has not traded, the Last Price reflects the Issue Price
Hybrids Monthly Update - October 2015 Market Capitalisation Trends
Performance and Trading Activity Breakdown by Category Hybrids - Preference Shares
Oct-13
Oct-14
% change
22.0
29.1
32.7%
29.0
30
36
20.0%
38
5.6%
19,402
22,312
15.0%
18,683
-16.3%
386.0
502.7
30.2%
361.1
-28.2%
Oct-13
Oct-14
% change
Market Cap ($b)
1.9
1.3
-29.7%
1.1
Number listed (actual)
14
11
-21.4%
13
18.2%
1,622
955
-41.1%
626
-34.5%
44.7
18.5
-58.6%
10.7
-41.9%
Oct-13
Oct-14
% change
23.8
30.5
27.8%
30.2
44
47
6.8%
51
8.5%
21,024
23,267
10.7%
19,309
-17.0%
430.7
521.2
21.0%
371.8
-28.7%
Market Cap ($b)
Oct-15
Oct-14
Oct-13
Oct-12
Oct-11
Oct-10
Number listed (actual) Oct-09
Billions ($)
Last 12 months $29.0 $24.0 $19.0 $14.0 $9.0
Month trades Month value ($m)
Oct-15 % change -0.4%
Hyrbrids - Convertibles
Oct-15
Oct-14
Oct-13
Oct-12
Oct-11
Oct-10
Month trades Oct-09
Billions ($)
Last 12 months $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0
Month value ($m)
Oct-15 % change -12.6%
Market Cap ($b) Number listed (actual)
Annualised Liquidity Hybrids - Preference Shares
15%
Hyrbrids - Convertibles
11%
*Annualised turnover by IRM Category
Sep-15
Sep-14
Sep-13
Sep-12
Sep-11
Sep-10
Month trades Sep-09
Billions ($)
Last 12 months Hybrid Securities
$33.0 $31.0 $29.0 $27.0 $25.0 $23.0 $21.0 $19.0 $17.0 $15.0
Month value ($m)
Most Actively Traded Securities by Value ASX Code Security Type
Value ($)
%Value
Volume
Oct-15 % change
%Volume
CBAPD
Hybrid - Preference Shares
35,477,927
9.54%
399,373
8.37%
ANZPA
Hybrid - Preference Shares
28,409,436
7.64%
283,337
5.94%
PCAPA
Hybrid - Preference Shares
26,563,130
7.14%
134,114
2.81%
CBAPC
Hybrid - Preference Shares
25,910,471
6.97%
259,045
5.43%
NABPA
Hybrid - Preference Shares
20,159,264
5.42%
209,265
4.38%
136,520,228.07
36.72%
1,285,134
26.92%
TOTAL Top 5
-0.9%
Spotlight on Hybrids Monthly Update - October 2015
ASX Profiles ASX Code
Issuer
Detail Description
Activity
ASX Listed Maturity / Date Conv / Reset
Coupon
Payment Frequency
Ex Date
Payment Date
Mkt Cap ($m)#
Prices Traded Value ($)
Traded Volume
Number of Trades
Monthly Liquidity %
Last *
Returns Year High
Year Low
1 Month 1 Year Price 3 Year Price 5 Year Price Price Return Return Return Return
Hybrids - Convertibles AFIG
Australian Foundation Investment CompanyConvert LimitedBond 6.25% 28-02-17 Semi Sub Red
22-Dec-11
28-Feb-17
6.25%
Semi-Annual
19-Aug-15
31-Aug-15
$
216.54
$
110.00
0.37%
-4.19%
1.00%
n/a
AZZG
Antares Energy Limited
Convert Bond 10.00% 30-10-23 Qly Sub Non-Cum
03-Nov-03
30-Oct-23
10.00%
Quarterly
20-Oct-15
30-Oct-15
$
45.60
$
0.00%
1.92
2.05
1.60
0.00%
-5.88%
-4.00%
-3.03%
CGNG
Crater Gold Mining Limited
Convert Bond 10.00% 21-08-17 Semi Sub Cum Red
18-Aug-14
21-Aug-17
10.00%
Semi-Annual
25-Jun-15
06-Jul-15
$
3.45
$
1,222.20
49
2
0.04%
25.00
25.25
24.50
0.00%
6.38%
n/a
n/a
CGRG
Cml Group Limited
Convert Bond 9.00% 29-01-20 Semi Cum Sub
22-Jan-15
29-Jan-20
9.00%
Semi-Annual
00-Jan-00
00-Jan-00
$
10.28
$
5,913.27
5,973
1
0.06%
0.99
1.03
0.99
0.00%
n/a
n/a
CTNG
Contango Microcap Limited
Convert Bond 5.50% 31-03-20 Semi Sub Cum Red
24-Dec-14
31-Mar-20
5.50%
Semi-Annual
18-Sep-15
30-Sep-15
$
26.98
$
222,506.15
2,195
23
0.82%
101.80
103.20
98.85
1.80%
n/a
n/a
n/a
IANG
IAG Finance (New Zealand) Limited
Convert Bond 3-Bbsw+4.00% Perp Sub Non-Cum Ex Res
12-Jan-05
31-Dec-36
6.18%
Quarterly
03-Dec-15
15-Dec-15
$
553.58
$
6,127,589.17
60,855
372
1.11%
100.65
105.20
99.22
0.16%
-4.14%
-0.94%
-3.17%
KBLGA
KBL Mining Limited
Convert Bond 12.00% 16-02-17 Semi Sub Cum Red
01-Sep-11
16-Feb-17
12.00%
Semi-Annual
18-Jun-15
30-Jun-15
$
8.69
$
125,087.39
405,049
19
1.44%
0.30
0.34
0.15
-4.76%
3.45%
-15.49%
LKOGA
Lakes Oil NL
10% Unsec Red Conv Note Mat. 31-Mar-2017
21-Apr-15
31-Mar-17
10.00%
Semi-Annual
28-Sep-15
08-Oct-15
$
3.01
$
4,860.00
600
2
0.16%
8.00
10.30
7.80
1.91%
n/a
n/a
n/a
NFNG
Nufarm Finance (NZ) Limited
Convert Bond 6-Bbsw+1.90% Perp Sub Non-Cum Exh Stp
27-Nov-06
15-Apr-00
6.12%
Semi-Annual
06-Apr-16
15-Apr-16
$
205.82
$
2,427,650.45
29,683
96
1.18%
82.00
91.00
79.00
-1.57%
2.76%
-2.38%
19.71%
NMGG
Noble Mineral Resources Limited
Convert Bond 8.00% 01-03-16 Semi Cum Sub
25-Feb-13
01-Mar-16
8.00%
Semi-Annual
20-Aug-14
01-Sep-14
$
-
$
#DIV/0!
-
-
-
n/a
n/a
n/a
PPCG
Peet Limited
Convert Bond 9.50% 16-06-16 Semi Cum
20-Jun-11
16-Jun-16
9.50%
Semi-Annual
03-Jun-15
16-Jun-15
$
52.10
$
0.81%
104.20
107.45
102.00
1.17%
-1.70%
7.42%
n/a
1.00
1.00
0.00%
n/a
n/a
-22.78%
1,410,962.91 -
424,082.60
12,590 -
89 -
-
-
4,098
22
0.65%
111.61
123.30
n/a
n/a
n/a
RSGG
Resolute Mining Limited
Convert Bond 10.00% 04-12-17 Qly Cum Red
16-Dec-14
15-Dec-17
10.00%
Quarterly
10-Sep-15
22-Sep-15
$
15.00
$
-
-
-
0.00%
1.00
SKSG
Stokes Limited
Convert Bond 10.00% 30-06-17 Qly Sub Cum
18-Jun-14
30-Jun-17
10.00%
Quarterly
28-Sep-15
05-Oct-15
$
3.28
$
-
-
-
0.00%
0.45
0.50
0.45
0.00%
12.50%
n/a
n/a
103.10
98.05
0.39%
-1.58%
-0.70%
-4.08%
Hybrids - Preference Shares ANZPA
Australia and New Zealand Banking GroupCnv Limited Pref 3-Bbsw+3.10% Perp Sub Non-Cum Red T-12-16
18-Dec-09
n/a
n/a
n/a
26-Nov-15
15-Dec-15
$
1,971.48
$
28,409,436.40
283,337
1,302
1.44%
100.14
ANZPC
Australia and New Zealand Banking GroupCnv Limited Pref 6-Bbsw+3.10% Perp Sub Non-Cum T-09-19
29-Sep-11
n/a
n/a
n/a
11-Feb-16
01-Mar-16
$
1,332.01
$
13,751,777.92
138,063
769
1.03%
99.40
102.60
96.80
0.64%
-0.62%
-0.20%
n/a
ANZPD
Australia and New Zealand Banking GroupCap Limited Note 6-Bbsw+3.40% Perp Non-Cum Red T-09-21
08-Aug-13
n/a
n/a
n/a
18-Feb-16
01-Mar-16
$
1,075.20
$
11,728,028.54
124,231
680
1.09%
96.00
102.68
91.10
4.29%
-4.14%
n/a
n/a
101.00
89.74
3.32%
-5.27%
n/a
n/a
ANZPE
Australia and New Zealand Banking GroupCap Limited Note 6-Bbsw+3.25% Perp Non-Cum Red T-03-22
01-Apr-14
n/a
n/a
n/a
15-Mar-16
24-Mar-16
$
1,505.35
$
13,361,315.90
145,064
806
0.89%
93.50
ANZPF
Australia and New Zealand Banking GroupCap Limited Note 6-Bbsw+3.60% Perp Non-Cum Red T-03-23
06-Mar-15
n/a
n/a
n/a
15-Mar-16
24-Mar-16
$
931.27
$
9,522,456.52
101,930
518
1.02%
95.99
101.27
90.90
5.23%
n/a
n/a
n/a
BENPD
Bendigo and Adelaide Bank Limited
Cnv Pref 6-Bbsw+5.00% Perp Non-Cum Red T-12-19
01-Nov-12
n/a
n/a
n/a
25-Nov-15
14-Dec-15
$
279.63
$
4,088,419.52
39,409
210
1.46%
104.00
107.25
100.00
0.48%
-2.58%
n/a
n/a
BENPE
Bendigo and Adelaide Bank Limited
Cnv Pref 6-Bbsw+3.20% Perp Non-Cum Red T-11-20
13-Oct-14
n/a
n/a
n/a
16-Nov-15
30-Nov-15
$
277.86
$
2,935,935.52
30,927
215
1.06%
95.12
100.00
92.18
2.17%
-3.84%
n/a
n/a
BENPF
Bendigo and Adelaide Bank Limited
Cnv Pref 6-Bbsw+4.00% Perp Non-Cum Red T-06-21
16-Jun-15
n/a
n/a
n/a
01-Dec-15
15-Dec-15
$
280.66
$
3,275,755.35
33,556
231
1.17%
99.45
100.32
95.00
2.31%
n/a
n/a
n/a
BOQPD
Bank of Queensland Limited
Cnv Pref 6-Bbsw+5.10% Perp Non-Cum Red T-04-20
27-Dec-12
n/a
n/a
n/a
25-Sep-15
15-Oct-15
$
309.78
$
4,545,239.89
43,976
259
1.47%
103.26
107.90
101.30
0.16%
-1.66%
n/a
n/a
CAMPA
Clime Capital Limited
Convting Pref Perp 7.50% Qly Sub Non-Cum T-05-17
30-Apr-07
n/a
n/a
n/a
01-Oct-15
22-Oct-15
$
10.69
$
518,376.43
370,280
46
4.85%
1.40
2.04
1.35
-0.36%
-30.42%
-27.72%
-23.56%
CBAPC
Commonwealth Bank of Australia
Cap Note 3-Bbsw+3.80% Perp Non-Cum Red T-12-20
18-Oct-12
n/a
n/a
n/a
03-Dec-15
15-Dec-15
$
2,005.00
$
25,910,470.93
259,045
1,356
1.29%
100.25
104.94
98.11
-0.05%
-2.35%
-2.10%
n/a
CBAPD
Commonwealth Bank of Australia
Cap Note 3-Bbsw+2.80% Perp Non-Cum Red T-12-24
02-Oct-14
n/a
n/a
n/a
03-Dec-15
15-Dec-15
$
2,724.00
$
35,477,926.81
399,373
1,731
1.30%
90.80
97.95
86.40
4.37%
-6.87%
n/a
CGFPA
Challenger Limited
Cnv Pref 3-Bbsw+3.40% Perp Sub Non-Cum Red T-05-22
10-Oct-14
n/a
n/a
n/a
13-Nov-15
25-Nov-15
$
330.92
$
3,819,498.12
40,312
207
1.15%
95.92
99.98
93.00
1.72%
-2.87%
n/a
n/a
ELDPA
Elders Limited
Cnv Pref 3-Bbsw+2.50% Perp Sub Non-Cum Stp T-06-11
11-Apr-06
n/a
n/a
n/a
17-Jun-09
30-Jun-09
$
114.83
$
213,289.75
2,802
13
0.19%
76.55
80.50
54.15
1.36%
37.93%
119.34%
43.06%
GMPPA
Goodman Plus Trust
Hybrid 3-Bbsw+1.90% Perp Non-Cum Step
24-Dec-07
n/a
n/a
n/a
21-Sep-15
30-Sep-15
$
326.80
$
5,941,963.78
59,457
239
1.82%
99.95
105.30
98.20
-0.06%
-2.96%
8.64%
27.31%
IAGPC
Insurance Australia Group Limited
Cnv Pref 6-Bbsw+4.00% Perp Sub Non-Cum T-05-19
02-May-12
n/a
n/a
n/a
02-Nov-15
$
378.50
$
6,985,103.95
68,763
309
1.85%
100.30
105.54
100.00
-2.26%
IVTPA
Inventis Limited
Convert Pref 6-Bbsw+1.90% Perp Sub Non-Cum T-12-16
17-Dec-13
n/a
n/a
n/a
00-Jan-00
00-Jan-00
$
-
$
KBCPA
Keybridge Capital Limited
Convert Bond 7.00% 31-07-20 Qly Cum Red
22-Jun-15
n/a
n/a
n/a
16-Sep-15
21-Sep-15
$
4.98
$
242,755.75
247,763
47
4.87%
MBLPA
Macquarie Group Limited
Cap Note 6-Bbsw+3.30% Perp Non-Cum Red T-03-23
09-Oct-14
n/a
n/a
n/a
15-Mar-16
24-Mar-16
$
410.52
$
5,604,966.61
59,514
313
MQGPA
Macquarie Group Limited
Tr Pref 6-Bbsw+4.00% Perp Sub Non-Cum Red T-06-21
11-Jun-13
n/a
n/a
n/a
25-Nov-15
07-Dec-15
$
602.94
$
7,467,414.66
74,186
498
MXUPA
Multiplex Sites Trust
Trans Pref 3-Bbsw+ 3.90% Perp Sub Non-Cum Red Step
20-Jan-05
n/a
n/a
n/a
28-Sep-15
16-Oct-15
$
350.55
$
3,917,864.03
51,032
NABPA
National Australia Bank Limited
Cnv Pref 3-Bbsw+3.20% Perp Non-Cum Red T-03-21
21-Mar-13
n/a
n/a
n/a
02-Dec-15
21-Dec-15
$
1,455.27
$
20,159,263.90
NABPB
National Australia Bank Limited
Cnv Pref 3-Bbsw+3.25% Perp Non-Cum Red T-12-22
18-Dec-13
n/a
n/a
n/a
30-Nov-15
17-Dec-15
$
1,636.48
$
18,496,387.81
PCAPA
Preferred Capital Limited
Trans Pref 3-Bbsw+1.05% Perp Sub Non-Cum
07-Apr-06
n/a
n/a
n/a
23-Dec-15
06-Jan-16
$
1,155.84
$
26,563,130.04
PXUPA
PaperlinX SPS Trust
Trans Pref 6-Bbsw+2.40% Perp Sub Non-Cum
02-Apr-07
n/a
n/a
n/a
30-Jun-11
$
37.05
$
387,103.25
RHCPA
Ramsay Health Care Limited
Trans Pref 6-Bbsw+ 4.85% Perp Sub Red T-10-10
24-May-05
n/a
n/a
n/a
01-Apr-16
20-Apr-16
$
269.07
$
2,323,303.60
SUNPC
Suncorp Group Limited
Cnv Pref 3-Bbsw+4.65% Perp Non-Cum Red T-12-17
07-Nov-12
n/a
n/a
n/a
08-Dec-15
17-Dec-15
$
574.39
$
8,296,394.39
SUNPD
Suncorp Group Limited
Cap Note 3-Bbsw+2.85% 22-11-23 Cum Red
23-May-13
n/a
n/a
n/a
11-Nov-15
23-Nov-15
$
783.86
$
10,571,939.39
21-Oct-15
17-Jun-11
-
n/a
-1.18%
0.40%
n/a
n/a
n/a
n/a
n/a
1.01
1.02
0.90
11.67%
n/a
n/a
n/a
1.37%
95.60
100.99
92.16
2.25%
-2.85%
n/a
1.24%
100.49
104.25
96.00
0.19%
-1.77%
n/a
n/a
623
1.12%
77.90
94.50
73.50
0.97%
-9.68%
-0.38%
0.91%
209,265
974
1.39%
96.10
101.30
93.30
0.27%
-3.32%
196,652
893
1.13%
95.30
100.00
92.15
2.61%
-4.51%
n/a
n/a
134,114
681
2.30%
198.18
198.71
194.35
0.32%
1.77%
8.65%
6.84%
28,233
46
1.04%
13.00
16.50
6.25
0.00%
-18.75%
47.73%
-79.03%
22,716
154
0.86%
103.49
107.50
100.00
2.47%
-0.73%
0.58%
2.52%
81,124
506
1.44%
102.57
107.99
99.30
1.25%
-0.71%
n/a
n/a
103,875
519
1.35%
101.80
105.01
100.45
-0.39%
-2.86%
n/a
101.71
92.15
3.68%
-1.20%
n/a
n/a
-
-
#DIV/0!
-
-
-
n/a
n/a
n/a
n/a
SUNPE
Suncorp Group Limited
Cnv Pref 3-Bbsw+3.4% Perp Non-Cum Red T-6-22
09-May-14
n/a
n/a
n/a
01-Dec-15
17-Dec-15
$
394.00
$
5,826,437.39
60,458
329
1.48%
98.50
SVWPA
Seven Group Holdings Limited
Trans Pref 3-Bbsw+4.75% Perp Sub Non-Cum Red
30-Apr-10
n/a
n/a
n/a
13-May-15
01-Jun-15
$
352.42
$
2,710,909.83
39,951
283
0.77%
71.00
89.94
62.00
10.08%
-19.24%
-18.39%
-22.32%
WBCPC
Westpac Banking Corporation
Cnv Pref 6-Bbsw+3.25% Perp Non-Cum Red T-03-18
26-Mar-12
n/a
n/a
n/a
22-Mar-16
31-Mar-16
$
1,181.99
$
14,289,525.24
144,358
817
1.21%
99.38
103.81
97.55
1.20%
-1.02%
0.30%
n/a
WBCPD
Westpac Banking Corporation
Cap Note 3-Bbsw+3.20% Perp Non-Cum Red T-03-19
12-Mar-13
n/a
n/a
n/a
26-Nov-15
08-Dec-15
$
1,341.77
$
16,011,949.84
165,464
847
1.19%
96.98
100.70
94.50
1.28%
-2.68%
n/a
n/a
WBCPE
Westpac Banking Corporation
Cap Note 3-Bbsw+3.05% Perp Non-Cum Red T-09-22
24-Jun-14
n/a
n/a
n/a
11-Dec-15
23-Dec-15
$
1,224.73
$
9,764,175.18
106,623
519
0.80%
93.45
99.85
88.60
3.51%
-5.41%
n/a
n/a
WBCPF
Westpac Banking Corporation
Cap Note 3-Bbsw+4.00% Perp Non-Cum Red T-03-21
09-Sep-15
n/a
n/a
n/a
10-Dec-15
22-Dec-15
$
1,315.02
$
13,678,684.53
138,226
726
1.04%
99.29
99.95
96.51
1.47%
n/a
n/a
n/a
WCTPA
Westpac Tps Trust
Tr Bond 3-Bbsw+1.00% Perp Sub Non-Cum Stp T-06-16
22-Jun-06
n/a
n/a
n/a
10-Dec-15
31-Dec-15
$
751.98
$
11,352,165.45
115,277
364
1.51%
98.59
99.95
96.50
0.04%
1.73%
9.06%
4.88%
WHFPB
Whitefield Limited
Convert Pref 7.00% Perp Semi Sub Non-Cum Res Red
14-Aug-12
n/a
n/a
n/a
22-May-15
12-Jun-15
$
45.62
$
512,762.90
4,518
26
1.12%
114.06
117.00
112.00
1.03%
-1.25%
2.30%
n/a
YCNPA
Yancoal Scn Limited
Convert Pref 7.00% Perp Semi Sub Non-Cum Res
02-Jan-15
n/a
n/a
n/a
00-Jan-00
00-Jan-00
$
-
$
#DIV/0!
-
-
-
n/a
n/a
n/a
n/a
-
-
-
All values are as at Oct-15.
Contacts Australia Ken Chapman Head of Debt Capital Markets +61 2 9227 0094
[email protected]
Past Performance is not a reliable indicator of future performance. Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions. Although ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”) has made every effort to ensure the accuracy of the information as at the date of publication, ASX does not give any warranty or representation as to the accuracy, reliability or completeness of the information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from any one acting or refraining to act in reliance on this information. © Copyright 2011 ASX Limited ABN 98 008 624 691. All rights reserved 2011.