ANZ completes $720m SPP offer

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.”

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.