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Home Consortium | PROS P ECTUS Prospectus Home Consortium Limited ACN 138 990 593 Home Consortium Developments Limited ACN 635 859 700 Prospectus in relation to an offer of 97.0 million Securities in Home Consortium Limited and Home Consortium Developments Limited Joint Lead Managers Co-Managers Important Information The Offer Prospectus to be examined by market participants The Financial Information should be read in conjunction This Prospectus is issued by each of Home Consortium prior to the raising of funds. The examination may result in the with, and qualified by reference to, the information contained Limited ACN 138 990 593 (“HCL”) and Home Consortium identification of deficiencies in this Prospectus, in which case in Sections 6 and 8. Developments Limited ACN 635 859 700 (“HCDL” and any Application may need to be dealt with in accordance with This Prospectus also includes Forecast Financial Information collectively “HomeCo” or the “Stapled Entities”) for the section 724 of the Corporations Act. for FY20 based on the best estimate assumptions of the purposes of Chapter 6D of the Corporations Act 2001 Applications received during the Exposure Period will not Directors. The forecast consolidated statement of profit (Cth) (“Corporations Act”). The Offer contained in this be processed until after the expiry of the Exposure Period. and loss for FY20 presented in this Prospectus is presented Prospectus is an initial public offering to acquire stapled No preference will be conferred on Applications received on both a statutory and pro forma basis and is unaudited. securities, each comprising a fully paid ordinary share in during the Exposure Period. The forecast consolidated FFO for FY20 presented in this Home Consortium Limited stapled to a fully paid ordinary No cooling-off rights Prospectus is presented on a pro forma basis and is unaudited. share in Home Consortium Developments Limited (“Securities”). All financial amounts contained in this Prospectus are See Section 9 for further information on the Offer. Cooling-off rights do not apply to an investment in Securities issued under this Prospectus. This means that, in most expressed in Australian dollars, unless otherwise stated. Lodgement and listing circumstances, you cannot withdraw your Application once Any discrepancies between totals and sums of components This Prospectus is dated 23 September 2019 (“Prospectus it has been accepted. in tables, figures and components contained in this Date”) and was lodged with the Australian Securities and Prospectus are due to rounding. Obtaining a copy of this Prospectus Investments Commission (“ASIC”) on that date. During the Exposure Period, an electronic version of this Independent Limited Assurance Report on Financial HCL and HCDL will apply to the Australian Securities Prospectus (without an Application Form) will be available at Information and financial services guide Exchange (ASX) within seven days after the Prospectus Date, www.homeconsortium.com.au to persons who are Australian The provider of the Independent Limited Assurance Report for admission of Home Consortium Limited and Home residents only. Application Forms will not be made available on Financial Information is required to provide Australian Consortium Developments Limited to the Official List and until after the Exposure Period has expired. retail clients with a financial services guide in relation to the quotation of the Securities on ASX. The fact that the ASX review under the Corporations Act. The Independent Limited During the Offer Period, this Prospectus is available may admit Home Consortium Limited and Home Consortium Assurance Report and accompanying financial services guide in electronic form at www.homeconsortium.com.au. Developments Limited to the Official List is not to be taken are provided in Section 10. in any way as an indication of the merits of the Securities, The Offer constituted by this Prospectus in electronic form Intermediary authorisation the Offer or HomeCo. at www.homeconsortium.com.au is available only to persons within Australia. The Prospectus is not available to persons in Home Consortium Limited does not hold an Australian None of ASIC, ASX or any of their respective officers takes other jurisdictions (including the United States) in which it may Financial Services Licence (“AFSL”) under the Corporations Act. any responsibility for the contents of this Prospectus or the not be lawful to make such an invitation or offer. If you access Accordingly, offers under this Prospectus will be made under merits of the investment to which this Prospectus relates. the electronic version of this Prospectus, you should ensure an arrangement between Home Consortium Limited and Expiry Date that you download and read the Prospectus in its entirety. E.L. & C. Baillieu Limited, the holder of an AFSL (“Authorised This Prospectus expires on the date which is 13 months after You may, before the Offer Period expires, obtain a paper copy Intermediary”) under section 911A(2)(b) of the Corporations Act. the Prospectus Date (“Expiry Date”). No Securities will be of this Prospectus (free of charge) by telephoning the HomeCo Home Consortium Limited will only authorise the Authorised issued on the basis of this Prospectus after the Expiry Date. Offer Information Line on 1800 237 687 (within Australia) Intermediary to make offers to people to arrange for the issue of Securities by Home Consortium Limited under this Prospectus Note to Applicants from 8.30am to 5.30pm (Sydney Time), Monday to Friday. If you are eligible to participate in the Offer and are calling and Home Consortium Limited will only issue ordinary shares The information contained in this Prospectus is in accordance with such offers if they are accepted. not investment or financial product advice and has been from outside Australia, you should call +61 1800 237 687 prepared as general information only, without consideration from 8.30am to 5.30pm (Sydney Time), Monday to Friday. Forward looking statements for your particular investment objectives, financial situation or Applications for Securities may only be made during the This Prospectus contains forward looking statements, particular needs. It is important that you read this Prospectus Offer Period on an Application Form attached to or including the Forecast Financial Information in Section 6, carefully and in full before deciding whether to invest in accompanying this Prospectus. which may be identified by words such as “anticipates”, “may”, “should”, “could”, “likely”, “believes”, “estimates”, HomeCo. The Corporations Act prohibits any person from passing the “expects”, “targets”, “predicts”, “projects”, “forecasts”, In particular, you should consider the assumptions underlying Application Form on to another person unless it is attached “intends”, “guidance”, “plan” and other similar words that the Statutory Historical Financial Information, the Pro Forma to a paper copy of the Prospectus or the complete and involve risks and uncertainties. These forward looking Historical Financial Information, the Statutory Forecast unaltered electronic version of this Prospectus. statements are based on an assessment of present economic Financial Information and the Pro Forma Forecast Financial Refer to Section 9 for further information. and operating conditions, and on a number of assumptions Information (see Section 6) and the risk factors that could regarding future events and actions that, at the date of the affect the business, financial condition and financial Statements of past performance Prospectus, are expected to take place. Home Consortium performance of HomeCo. You should carefully consider these This Prospectus includes information regarding the past Limited and Home Consortium Developments Limited do risks in light of your investment objectives, financial situation performance of HCL. Investors should be aware that past not undertake to, and do not intend to, update or revise any and particular needs (including financial and taxation issues) performance is not, and should not be relied upon as being forward looking statements, or publishing prospective financial and seek professional advice from your accountant, financial indicative of future performance. information in the future, regardless of whether new information, adviser, stockbroker, lawyer or other professional adviser Financial Information future events or any other factors affect the information before deciding whether to invest in Securities. Some of Section 6 sets out in detail the Financial Information referred contained in this Prospectus, except where required by law. the key risk factors that should be considered by prospective to in this Prospectus and the basis of preparation of that Any forward looking statements are subject to various risks investors are set out in Section 8 of the Prospectus. Financial Information. All references to FY19 and FY20 that could cause HomeCo’s actual results to differ materially There may be risk factors in addition to these that should appearing in this Prospectus are to the financial years ended from the results expressed or anticipated in these statements. be considered in light of your personal circumstances. or ending 30 June 2019 and 30 June 2020 respectively, Forward looking statements should be read in conjunction Except as required by law, and only to the extent required, unless otherwise indicated. with, and are qualified by reference to, the investment risks no person named in this Prospectus, nor any other person, Investors