Powered by MOMENTUM MEDIA
subscribe to our newsletter

ANZ completes $720m SPP offer

ANZ has successfully completed its share purchase plan (SPP) offer, raising approximately $720 million of CET1 capital.

In a trading update last week, ANZ said that following strong support for the offer it will accept all eligible applications and issue approximately $720 million of ANZ shares at $26.50 per share.

The SPP Offer was announced on 6 August 2015, in conjunction with ANZ’s $2.5 billion placement to professional investors, and closed on 8 September 2015.

“It is pleasing to see that so many of our retail shareholders have taken up the opportunity provided to participate in the SPP offer,” ANZ CFO Shayne Elliott said.

“The vast majority of those retail shareholders participating in the SPP offer have participated in an amount greater than they would have otherwise been able to do so under an equivalent rights issue.”

Advertisement
Advertisement

PROMOTED CONTENT


The new ANZ shares will be allotted on Thursday, 17 September 2015 and will be quoted on the Australian and New Zealand Stock Exchanges on Monday, 21 September 2015.

Holding statements and confirmation advices are expected to be mailed to participating shareholders by Thursday, 24 September 2015.

ANZ completes $720m SPP offer
mortgagebusiness

Latest News

Reverse mortgage lenders have accessed a small fraction of the potential retiree housing market in Australia, according to Deloitte. ...

Pepper Money has priced its second I-Prime deal for the year, upsizing the figure to $850 million. ...

The LMI provider has announced a new CFO following the resignation of its current CFO, effective 24 September. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.