ANZ retail offer raises $720 million

ANZ retail offer raises $720 million

ANZ has completed its share purchase plan (SPP) raising $720 million in new tier one capital, with the raising oversubscribed by $220 million.


ANZ has announced it will accept all eligible applications and issue approximately $720 million of new shares at $26.50 per share.

The SPP price is significantly lower than ANZ's 6 August $2.5 billion placement to institutional investors, which was priced at $30.95.

ANZ chief financial officer Shayne Elliott said it was pleasing to see so many retail shareholders take up the opportunity to participate in the SPP offer.

"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," Mr Elliott said.

"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," said an ANZ statement.

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

 

 

ANZ retail offer raises $720 million
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong