SYDNEY, AUSTRALIA: Australia New Zealand Banking Group (ANZ) has completed the retail shortfall bookbuild under its fully underwritten pro-rata accelerated renounceable entitlement offer.
The completion of the Retail Shortfall Bookbuild concludes the final stage of the Entitlement Offer under which ANZ has raised approximately $3.5 billion.
Summary of the Retail Shortfall Bookbuild
• Approximately 36.4 million new ANZ ordinary shares (New Shares) were sold in the Retail Shortfall Bookbuild, which was conducted after market close on Thursday, 18 August 2022
• The Retail Shortfall Bookbuild cleared at a price of $23.00 per New Share, which represents a premium of $4.10 above the offer price of $18.90 per New Share.
Eligible retail shareholders who elected not to take up their entitlements and ineligible retail shareholders will receive $4.10 (less any applicable withholding tax) for each New Share sold in the Retail Shortfall Bookbuild (Retail Premium) for their benefit.
The Retail Premium is expected to be paid to those retail shareholders on or about
Thursday, 1 September 2022.
Allotment of New Shares
The settlement date for New Shares to be issued under the retail component of the
Entitlement Offer (Retail Entitlement Offer) and the Retail Shortfall Bookbuild is Tuesday, 23 August 2022.
Those New Shares are expected to be allotted and issued on Wednesday, 24
August 2022 and to commence trading on a normal settlement basis on the ASX on
Thursday, 25 August 2022.
Those New Shares will rank equally with existing ANZ shares from the date of issue.