ANZ Group Treasurer Rick Moscati said: “We are very pleased with the strong investor demand that the Offer received.”
CPS allocation policy
The CPS allocation policy is described below:
- Successful ANZ Securityholder Offer Applicants and General Offer Applicants have received the full number of CPS applied for.
- A scale back was applied to Applicants under the Broker Firm Offer during the Bookbuild.
- Successful Institutional Investors under the Institutional Offer have been advised of their allocation of CPS by the Joint Lead Managers.
Applications that were accompanied by cheques that were subsequently dishonoured and Applications made online for which BPAY® payments were not received, have not been allocated any CPS.
Deferred settlement trading
CPS are expected to commence trading at 10.00am tomorrow on the Australian Securities Exchange (ASX) on a deferred settlement basis under the ASX code of “ANZPB”.
All Applicants are responsible for confirming the number of CPS allocated to them prior to selling any CPS. Applicants who sell CPS before receiving their Holding Statement or CHESS confirmation do so at their own risk.
Trading on a normal T+3 settlement basis is expected to commence on Monday 6 October 2008.
Holding statements and refund cheques
Holding statements stating the number of CPS issued to each successful Applicant are expected to be despatched by Friday 3 October 2008. Any refunds are also expected to be despatched by this date.
The Dividend Rate for the first Dividend Period ending on 14 December 2008 is 6.8752% per annum. This has been determined in accordance with the CPS terms as the 90 day Bank Bill Rate on 30
September 2008 of 7.3217% (being the Issue Date) plus the Margin of 2.50% per annum, together multiplied by (1 – the Tax Rate, which is 30%).
Following the first Dividend Period, the Dividend Rate for CPS will be set quarterly.