257BBuy‑back procedure—general

257B Buy‑back procedure—general

(1) The following table specifies the steps required for, and the sections that apply to, the different types of buy‑back.

<table cellspacing="0" cellpadding="0" style="width:370.05pt; border:1.5pt solid #000000; border-collapse:collapse"><thead><tr><td style="width:81.5pt; border-right:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">Procedures</span><br><br><span style="font-size:8.5pt; font-weight:bold">[and sections applied]</span></p></td><td style="width:41.5pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">minimum holding</span></p></td><td colspan="2" style="width:57pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">employee share</span></p></td><td colspan="2" style="width:57pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">on</span><span style="font-size:8.5pt; font-weight:bold">‑</span><span style="font-size:8.5pt; font-weight:bold">market</span></p></td><td colspan="2" style="width:57pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">equal access scheme</span></p></td><td style="width:38.55pt; border-left:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">selective buy</span><span style="font-size:8.5pt; font-weight:bold">‑</span><span style="font-size:8.5pt; font-weight:bold">back</span></p></td></tr><tr><td style="width:81.5pt; border-right:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span></span></p></td><td style="width:41.5pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span></span></p></td><td style="width:24.55pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">within 10/12 limit</span></p></td><td style="width:26.45pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">over 10/12 limit</span></p></td><td style="width:24.2pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">within 10/12 limit</span></p></td><td style="width:26.8pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">over 10/12 limit</span></p></td><td style="width:24.85pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">within 10/12 limit</span></p></td><td style="width:26.15pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-size:8.5pt; font-weight:bold">over 10/12 limit</span></p></td><td style="width:38.55pt; border-left:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span></span></p></td></tr></thead><tbody><tr><td style="width:81.5pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">ordinary resolution</span><br><span style="font-size:8.5pt; font-weight:bold">[257C]</span></p></td><td style="width:41.5pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.55pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.45pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.2pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.8pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.85pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.15pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:1.5pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">special/unanimous resolution [</span><span style="font-size:8.5pt; font-weight:bold">257D]</span></p></td><td style="width:41.5pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.45pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.2pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.8pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.85pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.15pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">lodge offer documents with </span><span style="font-size:8.5pt; font-weight:bold">ASIC</span><span style="font-size:8.5pt"> </span><span style="font-size:8.5pt; font-weight:bold">[257E]</span></p></td><td style="width:41.5pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.45pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.2pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.8pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.85pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.15pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">14 days notice </span><span style="font-size:8.5pt; font-weight:bold">[257F]</span></p></td><td style="width:41.5pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.45pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.2pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.8pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.85pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.15pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">disclose relevant information when offer made </span><span style="font-size:8.5pt; font-weight:bold">[257G]</span></p></td><td style="width:41.5pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.45pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.2pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:26.8pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">—</span></p></td><td style="width:24.85pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.15pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">cancel shares </span><span style="font-size:8.5pt; font-weight:bold">[257H]</span></p></td><td style="width:41.5pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.45pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.2pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.8pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.85pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.15pt; border:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr><tr><td style="width:81.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.25pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">notify cancellation to ASIC </span><span style="font-size:8.5pt; font-weight:bold">[254Y]</span></p></td><td style="width:41.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.55pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.45pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.2pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.8pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:24.85pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:26.15pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.62pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td><td style="width:38.55pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2.25pt; padding-left:2.62pt; vertical-align:top"><p class="Tabletext"><span style="font-size:8.5pt">yes</span></p></td></tr></tbody></table>