ANZ Launches Share Purchase Plan Offer

(RTTNews) - Australia And New Zealand Banking Group Ltd. (ANZ, ANZBY.PK, ANZ.AX) or ANZ announced applications for its Share Purchase Plan offer or SPP Offer to raise A$500 million in additional equity capital will open on Monday, 24 August 2015 with eligible shareholders able to purchase up to A$15,000 worth of ANZ ordinary shares.

The capital raising is part of a program announced on 6 August 2015 to raise a total of A$3 billion in equity capital to meet recently announced capital requirements for major Australian banks by the Australian Prudential Regulation Authority or APRA. The offer price per share under the SPP Offer will be the lesser of A$30.95, being the offer price under the institutional placement.

ANZ said it reserves the right to scale back applications under the SPP Offer if total demand exceeds A$500 million. ANZ also reserves the right to issue new ANZ Shares or arrange for the purchase of some ANZ Shares under the SPP Offer to minimise any dilutive impact.

The Share Purchase Plan offer Offer opens on Monday, 24 August 2015 and is scheduled to close at 5.00pm (AEST) on Tuesday, 8 September 2015.

It is open to shareholders who were registered holders of ANZ Shares at 7.00pm (AEST) on Wednesday, 5 August 2015 (Record Date), with a registered address in Australia or New Zealand, and who are eligible to participate under the SPP Offer terms and conditions.