ANZ announces share purchase plan date

ANZ announces share purchase plan date

ANZ will open its share purchase plan offer on 24 August 2015 in an effort to raise $500 million to meet additional capital requirements imposed by APRA.


The share purchase plan offer (SPP Offer), which is part of the institution’s $3 billion capital raising program, will open on Monday, 24 August 2015. 

ANZ chief executive Mike Smith said: “We considered all the options available and determined that, on balance, a share purchase plan in conjunction with our institutional placement supports our loyal retail shareholders and completes the capital raising in a fair, timely and efficient way.”

“Most of our retail shareholders will be able to apply for more shares through the SPP Offer than under a pro-rata rights issue, while many of our largest retail shareholders would have already had access to placement shares through their brokers.” 

Eligible shareholders will be able to purchase up to $15,000 worth of ordinary shares. The offer price per share will be $30.95, an ANZ-issued statement said. 

The offer is scheduled to close at 5pm on 8 September 2015.

 

ANZ announces share purchase plan date
investordaily image
ID logo
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton