16.22 million ANZ Capital Notes 4 (Notes) have been issued at $100 each. This includes approximately $900 million of CPS2 which have been reinvested in the Notes.
- Reinvestment Offer: all valid applications under the Reinvestment Offer have been accepted in full.
- ANZ Securityholder Offer: all valid applications under the ANZ Securityholder Offer have been accepted in full.
- Broker Firm Offer and Institutional Offer: a scale back was applied to Applicants under the Broker Firm Offer (other than for Broker Firm Applicants under the Reinvestment Offer, who were accepted in full) and the Institutional Offer.
Applications which were received after the Closing Date or accompanied by cheques that were subsequently dishonoured and online Applications for which BPAY® payments were not received, have not received an allocation of Notes.
CPS2 Reinvestment Applicants and ANZ Securityholder Applicants can obtain information about their allocation of Notes by calling the ANZ Information Line on the numbers provided at the end of this announcement and quoting their SRN or HIN.
Broker Firm Applicants should confirm their allocation with their Syndicate Broker.
The Notes are expected to commence trading on ASX on a deferred settlement basis tomorrow at approximately 12.00pm (AET) under the ASX code of “ANZPG”. All Applicants are responsible for confirming the number of Notes allocated to them prior to selling any Notes. Applicants who sell Notes before receiving their Confirmation Statement do so at their own risk.
Trading is expected to commence on a normal settlement basis on 5 October 2016.
Confirmation Statements and refund cheques
Confirmation Statements which set out the number of Notes issued to each Applicant, and refund cheques for Application Payments from unsuccessful Applicants, are expected to be despatched by 4 October 2016.
The Distribution Rate for the first Distribution Period from (and including) the Issue Date of 27 September 2016 to (but excluding) the first Distribution Payment Date is 4.5115%. The first Distribution Payment Date is expected to be 20 December 2016. The Distribution Rate is calculated as follows:
Following the first Distribution Period, the Distribution Rate for the Notes will be reset quarterly and announced on ASX.
Maximum Conversion Number
The Issue Date VWAP has been calculated as $26.80. Accordingly, the Maximum Conversion Number has been set initially at:
- in the case of a Conversion occurring on a Mandatory Conversion Date, 7.4627 ANZ Ordinary Shares per Note; and
- in the case of a Conversion occurring at any other time, 18.6567 ANZ Ordinary Shares per Note.
For details about the calculation of these numbers and how they affect the Notes, see the ANZ Capital Notes 4 Prospectus dated 24 August 2016 (Prospectus) which is available online at www.anz.com.
Holders of ANZ Capital Notes 4
Following allocation of the Notes, the twenty largest holders are detailed in Attachment A to this announcement.
The distribution schedule of the Notes is set out in Attachment B to this announcement.
Participation by ANZ directors and associates in the Offer
The number of Notes issued to ANZ directors and their associates pursuant to the Offer was 1,000 in aggregate.
Buy-Back of CPS2
ANZ completed the buy-back and cancellation of Reinvestment CPS2 on 27 September 2016. 9,003,942 CPS2 which were reinvested in ANZ Capital Notes 4 under the Reinvestment Offer have been removed from official quotation on ASX.
In due course and following receipt of various approvals, ANZ will announce on the ASX how those CPS2 not reinvested in CN4 will be treated on the mandatory conversion date, being 15 December 2016. Further details about those CPS2 not reinvested under the Reinvestment Offer are contained in section 3 of the Prospectus.
Tomorrow ANZ will advertise in The Australian Financial Review and The Australian the basis of allocation of Notes. A copy of this advertisement is attached to this announcement.
ANZ Capital Notes 4 Class Ruling
The Australian Taxation Office (ATO) has advised that it expects to release a Class Ruling in respect of the Notes on approximately 5 October 2016. The Class Ruling is expected to be consistent with the Taxation Summary contained in Section 7 of the Prospectus.
Once it is published, a copy of the Class Ruling will be available from the ANZ Shareholder Centre section of www.anz.com or the ATO website (ato.gov.au) by searching in the ATO’s Legal Database.
To obtain information about your allocation of ANZ Capital Notes 4 or about the Offer
Applicants can obtain information about their allocation of Notes or the Offer by calling their Syndicate Broker or the ANZ Information Line.
Unless otherwise defined, capitalised terms have the meaning given to them in the ANZ Capital Notes 4 Prospectus dated 24 August 2016.
For investor enquiries, please visit capitalnotes4.anz.com or contact the ANZ Information Line on 1800 113 399 (Australia) or +61 3 9415 4010 (international) between 8:30am and 5:30pm (AET) Monday to Friday.