---
title: "Run the pro rata issue timetable"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-pro-rata-issue-timetable"
type: "task"
site: "AI Law Framework"
id: "A4-MO20261022-10"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Run the pro rata issue timetable

> From the announcement date, the record date and the offer closing date, build the business-day calendar for a standard pro rata issue, separately for a renounceable issue and a non-renounceable issue.…

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-pro-rata-issue-timetable  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the announcement date, the record date and the offer closing date, build the business-day calendar for a standard pro rata issue, separately for a renounceable issue and a non-renounceable issue. Move later dates when day 0 or the record date moves. Do not write the announcement or the offer document. |
| What the lawyer must review | The lawyer confirms which timetable applies, reads Listing Rules 7.13, 7.14 and 7.15, and authorises each announcement and lodgement. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Build the day-0 calendar and move the later dates when the appendix says they move.

- What the AI does: From the announcement date, the record date and the offer closing date, build the business-day calendar for a standard pro rata issue, separately for a renounceable issue and a non-renounceable issue. Move later dates when day 0 or the record date moves. Do not write the announcement or the offer document.
- What the lawyer does: The lawyer confirms which timetable applies, reads Listing Rules 7.13, 7.14 and 7.15, and authorises each announcement and lodgement.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Day 0 is the next business day, and later dates move, if the announcement, the Appendix 3B, and the disclosure document, PDS or s 708AA(2)(f) notice are not done before trading.
2. Keep the renounceable rights-trading rows off a non-renounceable issue. The non-renounceable deferred-settlement quotation starts the business day after the offer closes, unless ASX determines otherwise.
3. The closing-date extension is before noon Sydney time, three business days before the close, with at least three business days' notice. The offer closes at 5 pm.
4. Results, issue, and the Appendix 2A or 3G are before noon Sydney time, no more than five business days after the close. Listing Rules 7.13, 7.14 and 7.15 were not opened.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.
- The non-renounceable results cell was extracted as 'tended to be quoted'. The renounceable cell says 'intended'. The lawyer re-reads that cell.
- This is the timetable. It is a different task from calculating placement capacity and from populating an Appendix 3B.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-pro-rata-issue-timetable/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*