The application fee is paid at the time the initial application for listing is made of the primary securities. This is a one time only fee.
Annual fees are payable each year. In a full year they are calculated on a 1st July to 30 June basis. In the first year of listing they are calculated on a pro-rata basis.
Additional fees are required to be paid when newly issued or restricted securities are to be quoted.
General administration fees may apply in some circumstances. These are determined on a case-by-case base and fully quoted before work is performed. Administration fees can be credited towards the application fee.
The SIM VSE listing fee calculator can provide you with an indication of the fees applicable to your listing. Some exceptions to the schedule presented in the calculator exist and so it is recommended that for full details of all SIM VSE fees and charges please refer to the Listing Fees Guidance Note.
When considering the complete cost of listing, a company should consider non SIM VSE costs such as the following:
Access to the ASTC CHESS facility incurs a fee. These are listed in the examples above. In addition CHESS charges fees on the movement in holdings at its standard schedule of rates and are billed direct to the issuer or broker.
The amount and format of these fees is up to the issuer and Adviser to negotiate. The SIM VSE does not become involved in these negotiations.
A share registry must be appointed that is able to connect to CHESS. Share Registries charge a fee for this service.
Fees are payable direct to these service providers.
The SIM VSE listing fee calculator can provide you with an indication of the fees applicable to your listing. Some exceptions to the schedule presented in the calculator exist and so it is recommended that for full details of all SIM VSE fees and charges please refer to the Listing Fees Guidance Note.
SIM VSE, 5 Bridge St Sydney, NSW, 2000 Australia. +61 2 9241 2740
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