Medibank Private Allocations at a Glance – How Much Do I Get?


Medibankl

The full pricing and allocation details for Australian public applicants has been indicated in a Government Press Release.  Applicants will be able to get confirmation of their individual allocation from Tuesday, 25 November 2014 by visiting medibankprivateshareoffer.com.au  or calling 1800 998 778.  Applicants will need to have their Application Reference Number available.

Transaction confirmation statements will be sent to successful applicants from Thursday, 4 December 2014.

The Government has also exercised its right to claw back a further 20 per cent of the shares previously allocated to the Broker Firm Offer which will no doubt annoy the Broking community even further after a huge scale back in their offer.  I cannot help feel there will be a huge amount of shareholders with mediocre holdings and headaches for their accountants and advisers trying to track  applications, allocations, scale backs and refunds of excess funds.

Medibank Private will list on the ASX at 12.00pm AEDT on Tuesday, 25 November 2014.  Its ASX code will be MPL.

Final price per share paid by institutional investors $2.15
Discount per share on final insto price for retail investors 15 cents or 7%
Final price per share paid by retail investors1 $2.00
Proceeds
Total proceeds returned to Commonwealth $5.679B
Allocation of shares as a % of total shares
Retail allocation 60.0%
Total institutional allocation 40.0%
Domestic institutional allocation 22.9%
Offshore institutional allocation 17.1%
Details of Retail Offer
Total number of individual Applications Approx. 440,000
Dollar amount allocated to Retail Offer $3.311 billion
Average shareholding for Retail Offer Approx. $5,850
Policyholder Applicants’ allocation2 33.2%
General Public Applicants’ allocation2 66.7%

 

Medibank Private Share Offer – How Much Will You Get

General Public Offer

Applicants who applied under the General Public Offer have received allocations as follows:

General Public Offer Applicants who did not pre-register who applied for Receive*
$2,000 The full amount you have applied for
$2,001 to $7,000 $2,000 + 75.00% of your Application within this band
$7,001 to $14,000 $5,750 + 20.00% of your Application within this band
Over $14,000 $7,150 + 5.00% of your Application within this band
General Public Offer Applicants who pre-registered who applied for Receive*
$2,000 to $2,300 The full amount you have applied for
$2,301 to $7,000 $2,300 + 86.25% of your Application within this band
$7,001 to $14,000 $6,353.75 + 23.00% of your Application within this band
Over $14,000 $7,963.75 + 5.75% of your Application within this band

Policyholder Offer

Applicants who applied under the Policyholder Offer have received allocations as follows:

Policyholder Offer Applicants who did not pre-register who applied for Receive*
$2,000 to $2,300 The full amount you have applied for
$2,301 to $7,000 $2,300 + 86.25% of your Application within this band
$7,001 to $14,000 $6,353.75  + 23.00% of your Application within this band
Over $14,000 $7,963.75 + 5.75% of your Application within this band
Policyholder Offer Applicants who pre-registered who applied for Receive*
$2,000 to $2,600 The full amount you have applied for
$2,601 to $7,000 $2,600 + 97.50% of your Application within this band
$7,001 to $14,000 $6,890 + 26.00% of your Application within this band
Over $14,000 $8,710 + 6.50% of your Application within this band

For example, a General Public Offer Applicant who did not pre-register who applied for $10,000 will receive:

Application band Receive*
$2,000 $2,000 (100% of $2,000)
$2,001 to $7,000 $3,750 (75% of $5,000)
$7,001 to $14,000 $600 (20% of $3,000)
Over $14,000 n/a
Total $6,350

* The final allocation of Shares will be subject to rounding and application of the Final Price to any allocation above $250,000.

Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? then why now contact me at our Castle Hill or Windsor office in Northwest Sydney to arrange a one on one consultation. Just click the Schedule Now button up on the left to find the appointment options.

Liam Shorte B.Bus SSA™ AFP

Financial Planner & SMSF Specialist Advisor™

SMSF Specialist Adviser 

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Verante Financial Planning

Tel: 02 98941844, Mobile: 0413 936 299

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This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.

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