Powered by MOMENTUM MEDIA
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.

Advertisement
Advertisement

“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.”

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

Firstmac managing director Kim Cannon is “disappointed” that Treasury rejected the non-bank’s proposed acquisition of Maleny Credit Un...

Asset finance group Consolidated Operations Group has announced that it will “scale back” its equipment leasing but will continue its as...

Half of Australian businesses have already been hit by the economic fallout from the coronavirus outbreak, with approximately 86 per cent ex...

FROM THE WEB
podcast

LATEST PODCAST: The rush to save small businesses

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

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