Through the Offer, 13.4 million CPS3 have been issued at $100 each raising ANZ’s 30 June 2011 pro-forma Tier 1 capital ratio to 11.1%.1
CPS3 allocation policy
The CPS3 allocation policy is described below.
- All valid applications under the ANZ Securityholder Offer and General Offer have been accepted in full.
- A scale back was applied to Applicants under the Broker Firm Offer and the Institutional Offer.
Applications that were accompanied by cheques that were subsequently dishonoured and online Applications, for which BPAY® payments were not received, have not received an allocation.
ANZ Securityholder Offer Applicants and General Offer Applicants can obtain information about their allocation of CPS3 by calling the ANZ Information Line on the numbers provided at the end of this announcement.
Applicants under the Broker Firm Offer should confirm their allocation of CPS3 with their Syndicate Broker. Successful Institutional Investors under the Institutional Offer have been advised of their allocation of CPS3 by the Joint Lead Managers.
Deferred settlement trading
CPS3 are expected to commence trading at 11.00am tomorrow on the Australian Securities Exchange (ASX) on a deferred settlement basis under the ASX code of “ANZPC”.
All Applicants are responsible for confirming the number of CPS3 allocated to them prior to selling any CPS3. Applicants who sell CPS3 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 Wednesday 5 October 2011.
Holding statements and refund cheques
Holding statements stating the number of CPS3 issued to each successful Applicant are expected to be despatched by Monday 3 October 2011. Any refunds are also expected to be despatched by this date.
The Dividend Rate for each CPS3 for the first Dividend Period ending on (but excluding) 1 March 2012 is 5.4332% per annum. This has been determined in accordance with the CPS3 terms as the Bank Bill Rate on 28 September 2011 of 4.6617% (being the Issue Date) plus the Margin of 3.10% per annum, together multiplied by (1 – the Tax Rate, which is currently 30%).
Following the first Dividend Period, the Dividend Rate for CPS3 will be set six-monthly.
Mandatory Conversion Conditions
The Issue Date VWAP has been calculated as $19.53. Accordingly, the Maximum Conversion Number has been set initially at 10.2407 ANZ ordinary shares per CPS3.
For details about the calculation of these numbers and how they affect CPS3, see the Prospectus which is available online at www.anz.com.
Holders of CPS3
Following allocation of CPS3 pursuant to the Offer, the twenty largest holders of CPS3 and the number and percentage of CPS3 held by those holders are detailed in Attachment A to this announcement.
The distribution schedule of CPS3 is set out in Attachment B to this announcement.
Participation by ANZ directors and associates in the Offer
The number of CPS3 issued to ANZ directors and their associates pursuant to the Offer was 1000 in aggregate.
Tomorrow ANZ will advertise in The Australian Financial Review, The Australian, The Sydney Morning Herald and The Age the close of the Offer, the Issue Price of each CPS3 and the basis of allocation of CPS3. A copy of this advertisement is attached to this announcement.
CPS3 Class Ruling
The Australian Taxation Office (ATO) has now released a Class Ruling (CR 2011/84) in respect of CPS3. The Class Ruling is consistent with the Taxation Summary contained in Section 5 of the Prospectus.
A copy of the Class Ruling is available from the Investor Centre section of www.anz.com or the ATO website (ato.gov.au) by searching in the ATO’s Legal Database by using the Class Ruling reference.
To obtain information about your allocation of CPS3 or about the Offer
ANZ Securityholder Offer Applicants and General Offer Applicants can obtain information about their allocation of CPS3 or the Offer by calling the ANZ Information Line on 1800 113 399 (within Australia) or +61 3 9415 4010 (international) between 8:30am and 5:30pm (AEST) Monday to Friday.
Unless otherwise defined, capitalised terms in this Media Release have the same meaning given to them in the CPS3 Prospectus dated 31 August 2011.