CSL Limited 45 Poplar Rd, Parkville Victoria 3052 Australia Prospectus
Total Page:16
File Type:pdf, Size:1020Kb
CSL Limited 45 Poplar Rd, Parkville Victoria 3052 Australia Prospectus for the public offer of up to 90,000,000 shares of CSL Limited under the CSL Limited Global Employee Share Plan to the employees of the European Economic Area subsidiaries of CSL Limited 7 February 2019 International Securities Identification Number (ISIN): AU000000CSL8 ASX Issuer Code: CSL German Securities Code Number (Wertpapier-Kenn-Nummer): 890952 Trading symbol: CSJ TABLE OF CONTENTS Page Prospectus Summary .................................................................................................................................... 4 Section A — Introduction and Warnings ..................................................................................... 4 Section B — Issuer ......................................................................................................................... 4 Section C — Securities ................................................................................................................... 8 Section D — Risks .......................................................................................................................... 9 Section E — Offer ........................................................................................................................ 10 PROSPEKTZUSAMMENFASSUNG ...................................................................................................... 15 Abschnitt A - Einführung und Warnhinweise ........................................................................... 15 Abschnitt B – Emittent ................................................................................................................ 15 Abschnitt C – Wertpapiere .......................................................................................................... 19 Abschnitt D – Risiken .................................................................................................................. 22 Abschnitt E – Das Angebot .......................................................................................................... 23 Risk Factors ................................................................................................................................................ 28 General Information .................................................................................................................................. 34 Responsibility for Contents of the Prospectus ........................................................................... 34 Subject Matter of the Offering .................................................................................................... 34 Special Note Regarding Forward-Looking Statements............................................................. 34 Currency References .................................................................................................................... 34 Documents Available for Inspection ........................................................................................... 34 The Offering ................................................................................................................................................ 36 Information Concerning the Shares to be Offered .................................................................... 36 The Offering under the GESP ..................................................................................................... 36 Reasons for the Offering and Use of Proceeds ......................................................................................... 40 Purpose of the Plan ...................................................................................................................... 40 Proceeds and Use of Proceeds ..................................................................................................... 40 Dilution ........................................................................................................................................................ 41 Dividend Policy ........................................................................................................................................... 42 Capitalisation .............................................................................................................................................. 43 Capitalisation and Indebtedness ................................................................................................. 43 Commitments and Contingencies ............................................................................................... 44 Working Capital Statement ......................................................................................................... 45 2 Selected Consolidated Financial Data ....................................................................................................... 46 Legal and Arbitration Proceedings ........................................................................................................... 48 Shareholdings and Stock Options of Directors and Executive Officers ................................................. 49 Disposal restrictions agreed by directors and executive officers of the Company.................. 49 General Information about the Company ................................................................................................ 51 Company Name ............................................................................................................................ 51 General Information about the Company and its Business ...................................................... 51 Financial Year .............................................................................................................................. 52 Auditors ......................................................................................................................................... 52 Description of the Securities ...................................................................................................................... 53 Type and the Class of the Securities being offered, including the Security Identification Code ............................................................................................................................................... 53 Legislation under which the Securities have been Created / Regulation of the Shares .......... 53 Form of Securities, Name and Address of the Entity in Charge of Keeping the Records...... 53 Commission ................................................................................................................................... 53 Currency of the Securities Issue .................................................................................................. 53 Rights attached to the Securities ................................................................................................. 53 Change of Shareholders’ Rights ................................................................................................. 54 Transferability .............................................................................................................................. 55 Applicable Squeeze-out and Sell-out Rules (Takeovers and compulsory acquisition) ........... 55 Long Term Incentive Plan (LTI Plan) ........................................................................................ 55 Management ................................................................................................................................................ 57 Information on the Company’s directors and chief officers ..................................................... 57 Good Standing of Directors and Chief Officers of the Company ............................................. 58 Potential conflicts between any duties to the Company of Directors and Chief Officers of the Company and their private interests and/or other duties .................................................. 59 Taxation in the Federal Republic of Germany ........................................................................................ 60 Taxation in the U.K. ................................................................................................................................... 63 Taxation in Australia ................................................................................................................................. 65 Recent Developments and Trends ............................................................................................................. 67 Recent Developments ................................................................................................................... 67 Trend Information ....................................................................................................................... 67 3 PROSPECTUS SUMMARY Note to the reader Summaries are made up of disclosure requirements known as “Elements”. These elements are num- bered in Sections A – E (A.1 – E.7). This summary contains all the Elements required to be included in a summary for this type of securities and issuer. Because some Elements are not required to be addressed, there may be gaps in the number- ing sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of securi- ties and issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element